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Apax Partners Funds and 3i Group invest euro8 million in Fractus; The financing round is aimed to boost international growth.

Publication: M2 Presswire
Publication Date: 03-DEC-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-3 December 2002-APAX PARTNERS: Apax Partners Funds and 3i Group invest euro8 million in Fractus; The financing round is aimed to boost international growth(C)1994-2002 M2 COMMUNICATIONS LTD

RDATE:12032002

Madrid -- Funds advised by Apax Partners, one of the world`s leading private equity firms, announced today the final closing of an euro8 million financing round in Fractus`stock capital. Apax Partners and 3i Group will take euro6 million and euro2 million of the round respectively.3i Group has invested euro2.3 million in Fractus over the last two years.

Fractus is one of the global technology leaders in the antenna market. Fractus designs and develops multiband and miniature antennas and other wireless components for a large number of applications and industries. Fractus` competitive advantage resides...

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