Livingbridge, a private equity firm, agreed to acquire an 89% stake in Welltel Group, a telecommunication service provider. Financial terms were not disclosed. “Welltel is a high-quality, well-established business with a strong potential for further growth. We are excited by the prospect of working closely with Ross, John and the team, leveraging our in-depth understanding of the sector and internal resources to propel the firm to the forefront of the industry," Matthew Caffrey, Livingbridge Partner.