Growing demand for information, telecoms connectivity and new media services, enhanced by a stream of new technologies, has made the Communications Industry the most dynamic in the world
GMT’s latest fund, GMT Communications Partners III, LP, closed in July 2007. The fund is backed by a global group of investors from Europe, North America and Asia that provide it with long-term support. Three-quarters of GMT’s investors are major pension funds, international banks, endowments, charitable trusts and other financial institutions. Together, they provide GMT with access to significant additional investment resources for select larger transactions.
The remaining quarter of GMT’s investors are either industry entrepreneurs or families that own, or have owned, Communications companies worldwide. These investors bring GMT enhanced access to a network of Communications opportunities and developments throughout Europe.
The Fund has made four investments to date, its latest being Bigpoint GmbH which completed in August 2008 -
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In May 2008, the Fund completed the sale of its first investment, Asiakastieto, to alternative investment firm Investcorp. The investment generated an IRR of approximately 70% in under two years.