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In June 2005, we realised our investment in MACH, a leading provider of inter-operator solutions to the telecoms industry.

Acquired in 2002, MACH was the result of a proactive search in the attractive and growing outsourced services area of the telecoms industry. At the time of our investment one of the industry’s leading GSM roaming clearing houses, MACH provided state-of-the-art services facilitating the administration of roaming calls for more than 240 mobile operators.

With the growth in data clearing, the proliferation of mobile operators, increased mobile phone usage and growing subscriber numbers, MACH represented a significant consolidation opportunity in an attractive and high-growth telecom services niche.

Our strategy was to build on MACH’s position as the only fully independent company in the market focusing on clearing house services, strengthening its leadership by broadening its product and service portfolio. In August 2004 a key stage of our expansion strategy was realised through the debt-financed acquisition of competitor Dan Net, increasing MACH’s customer base to 400 mobile operators worldwide. Offering a portfolio of innovative and state-of-the-art outsourced service solutions, and with a presence in over 90 countries across 4 continents, the newly enlarged business was strategically positioned at the forefront of a rapidly evolving area of the telecoms industry.

Acquired in June 2005 by private equity group Warburg Pincus, MACH will continue to focus on the on-going expansion of its service offering in line with the rapidly evolving requirements of its customers.




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James Brocklebank

Managing Partner, Advent International plc, London
T: +44 (0)20 7333 0800