Dubai investment firm acquired stake in California tech company

Delta Partners, a Dubai-based investment firm, has announced it has become a shareholder in Aricent - a technology and communications firm in California. The amount of deal is not disclosed.

The investment by Delta Partners into Aricent was executed through the Delta Partners MENA Telecom Fund, a private equity fund focused on investing in TMT companies, and it represents the sixth completed by the Fund.

While the company has other prestigious investors like Kohlberg Kravis Roberts & Co., Sequoia Capital, this is not the first investment by a Middle Eastern firm in the company. Back in 2008, Bahrain-based "The Family Office Co" has acquired stake in the company alongside KKR for $60 million. The Canadian Pension Plan Investment Board is another investor in the firm.

Ten contacts from Delta Partners are listed in the Middle East Investors Directory. The Family Office Co is also listed with the code EM21.

Their full press release follows