VS&A Comm. Partners teams W/3i to acquire directories company.VS&A Communications Partners III, LP (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ), a private equity fund affiliated with merchant bank Veronis Suhler Stevenson (VSS See Vcc. ), has partnered with venture capital investor 3i (London) to acquire telephone directories company TeleMedia (Amsterdam) from Royal KPN KPN Koninklijke PTT Nederland (Royal Dutch Telecom) KPN Konfederacja Polski Niepodleglej (Polish conservative party) (The Hague) for EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 500 million. The deal is 3i's third major buyout in this industry in Europe following the purchase of Thomson Directories in 1999 and a partnership with VS&A in March of this year to acquire the directories services unit of Finnish Sonera. VSS managing director Marco Sodi said that "TeleMedia is well-positioned for further growth, both from it traditional print products and the exciting new applications in mobile and Internet directories services." VSS also has experience in the directories sector with its acquisition of Yellow Book USA in 1997 and its resale to British Telecom for $665 million. |
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