Swiss private equity firm bags UK MVNO Lebara

Swiss investor Palmarium has acquired UK-based MVNO Lebara Group for an undisclosed fee.
The acquisition, which was made through the VIEO subsidiary will see Lebara founder and current CEO Ratheesan Yoganathan, as well as the rest of the existing management team will stand-down.
“Lebara is a vibrant and exciting growth business with a great deal of potential,” said Graeme Oxby, who will head up the new leadership team as CEO. “I’m excited to be at the helm, and believe th