Texas Pacific Group (TPG) and Apax Partners are private equity firms which control mobile operator TIM Hellas. Infoquest will be focusing on its information technology side - it makes and distributes products such as computers, printers and software.
"The deal took place at a high multiple, meaning TIM Hellas shareholders see positive prospects from future synergies," said one analyst. Q-Telecom competes against Greece's largest telecoms operator OTE and other smaller carriers in fixed-line services. In mobile telephony it will be teaming up with TIM Hellas against Cosmote and Vodafone Greece.
By 0943 GMT, Infoquest shares were up 11.6 percent at 4.42 euros. The company had a market capitalisation of around 200 million euros at Friday's close. TIM Hellas's bonds, sold in September, were slightly higher on the deal, a trader in London said.