Brightstar Receives US$283mn Equity Investment

New York investment firm Lindsay Goldberg has made a US$283mn equity investment into regional wireless equipment distributor Brightstar, the latter said in a statement.

Brightstar will use the capital to expand operations globally as well as help finance a subsidiary in Europe, Tech Data. Brightstar billed US$3.5bn in 2006.

The investment makes Lindsay Goldberg the second largest investor in Brightstar, behind the distributor's CEO and founder Marcelo Claure. The company did not provide specific figures for each holding.

Headquartered in Miami, Brightstar has operations in countries such as Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Paraguay, Peru, Puerto Rico, Uruguay and Venezuela.

Key customers include América Móvil, Telefónica and Verizon Wireless. Brightstar also represents leading global handset manufacturers such as Kyocera, Motorola, Sagem and Samsung."

Posted to the site on 11th July 2007