Horse-Shoe Capital (an affiliate of Q Investments) selected EthosData Virtual Data Room Services for the sale of its 100% equity interest in XCEL Telecom Pvt. Ltd. (“XCEL”) to American Tower Mauritius (a subsidiary of American Tower Corporation “ATC”). This marks the first complete exit by a financial investor through the M&A route in the telecom towers space in India.
EthosData Millnet, a leading global virtual data room provider is pleased to announce the sale of Gü Chocolate Puds, the UK's leading premium chocolate dessert business, to Noble Foods the UK’s leading operator in the egg market.
By Francisco Lorca
CEO EthosData
Published in the October 2009 issue of PLC Magazine
Virtual data rooms (VDRs) have become the norm in the due diligence stage in most transactions, substituting the traditional paper-based data rooms (see Know-how article “Virtual data rooms: the due diligence evolution”). However, in the last two years, the use of VDRs has changed dramatically: they are now being increasingly used in most of the transaction stages of a deal, not only during the due diligence process (see box “Engaging a VDR provider”).