JF Lehman & Company (JFLCO), a private equity in the intermediate market, has among its investment affiliates sold Global Marine Group (GMG) at Kepepel Infrastructure Fund (KIF).
With an inheritance dating from 1850, GMG is one of the main supplies of underwater telecommunications maintenance and installation, supporting the offense of critical global communations.
Creatable in the United Kingdom. Global.
The terms of the transaction with KIF were not disclosure.
“Our successful partnership with management has transformed the World Marin Group into a targeted and growing company, playing an essential role in the global telecommunications infrastructure,” said Alex Harman, Chairman of the GMG Board of Directors and Partner at JFLCO.
“This transaction reflects the strength of our market position, our operational expertise and our dedicated team. JFLCO’s support in refining our strategy has enabled us to focus on our basic telecommunications market which is currently experiencing an unprecedented growth period, which GMG is well played to support. We are delighted to rely on our successes with our new partners in Kaif, ”added Bruce Neilson-Wats, general manager of GMG.
