Deal summary
Long Distance International, an emerging telecommunications operator, raised $25 million from Advent International, a global private equity firm.
- The expansion capital was used to help LDI install digital DEX 600 switches in the U.S. and London as well as in establishing DEX Worldlink gateways in London and New York.
- New intelligent network systems were installed in London and Fort Lauderdale.
About Advent International
Advent International is an American global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core sectors.
Since its inception in 1984, Advent has invested $54 billion in over 370 private equity investments across 41 countries. Advent operates from 14 offices in 12 countries, with affiliates in additional countries, and employs over 470 investment professionals.
About Long Distance International
Legacy Long Distance International, Inc. was located in Cypress, CA, United States and was part of the telecommunications services industry. As of 1997, Legacy Long Distance International, Inc. had 40 total employees across all of its locations and generated $11.80 million in sales (USD).
