TA Associates Completes Buyout of SpeedCast (Asia)

Source: TA Associates

Global growth private equity firm TA Associates has completed the buyout of SpeedCast, a Hong Kong-based global network and satellite communications provider, from Asia Satellite Telecommunications. Speedcast provides very small aperture terminal satellite-based broadband access services, managed networking solutions and value-added services to customers in over 30 countries in Asia, the Middle East and Africa. According to a Hong Kong Stock Exchange filing, the total value of the transaction was approximately US$32.2 million.