AXA Private Equity said Wednesday it has bought a 45% stake in virtual-conferencing provider Arkadin, the investment company's second deal in as many days. Financial details of the transaction weren't disclosed but it follows the exit of Arkadin's original investors including Apax Partners, Altamir Amboise, Innovation Capital and UFG-Siparexa. Arkadin has 1,000 employees in 29 countries and generated revenue of 159 million euros ($200.2 million) in 2011. A large part of its growth has been based on partnerships with leading telecom operators and global technology companies such as Microsoft Corp. (MSFT).
The transaction comes just a day after AXA Private Equity bought a portfolio of 11 private equity fund investments from OMERS Private Equity, the private equity arm of Ontario Municipal Employees Retirement System. The portfolio comprised investments in buyout funds worth some $850 million in original commitments and including the related unfunded commitments.
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