Billionaire backs buyer of text message giant

BILLIONAIRE financier Dermot Desmond has emerged as a backer of the €400 million takeover of a British text message business.

Wed, 21 Feb, 2007 - 00:00
Ian Guider

Mr Desmond’s International Investment & Underwriting is providing finance for the takeover, which is being led by Atlantic Bridge Ventures, an Irish venture capital company.

It is acquiring the telecoms products business of the London-listed LogicaCMG for €392m.

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