Private Equity company Bluewater has sold its interest in AXESS Networks (AXESS), having rapidly grown the business in its two and a half years of ownership.
AXESS delivers international satellite connectivity solutions to corporations across the globe, many of which are often in hard-to-reach places where traditional sources of connectivity such as fibre and broadband are not available.
The sale of AXESS marks another successful exit by Bluewater from one of its portfolio businesses. It is also the first sale of a company in its Fund II.
Bluewater has sold the business to Hispasat, which is owned by Red Electrica Group, a publicly traded company listed on the selected Spanish IBEX35 Stock Exchange Index. The sale is subject to customary regulatory closing conditions.
