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VS&A Communications Partners III. (News in Brief).

VS&A Communications Partners III (New York), the private equity affiliate of Veronis Suhler Stevenson, has partnered with investment firm 3i plc (London) to acquire all the assets of Fonecta Group (Helsinki, Fin.), a company that offers electronic and directory assistance services, as well as printed telephone directories. The company has operations in Finland and France and plans to expand across Europe to both corporate customers and consumers. Under terms of the deal, VS&A acquires a 28% stake in the company with 3i owning the remaining 72%.
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Title Annotation:acquisition
Comment:VS&A Communications Partners III. (News in Brief).(acquisition)(Brief Article)
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:May 17, 2002
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