June 3, 2015 / 7:42 AM / in 4 years

BRIEF-GMT Communications Partners to sell Seagull Group to Herkules Capital

June 3 (Reuters) - GMT Communications Partners:

* Agreed to sell Seagull Group to Herkules Capital

* Closing is expected in midJune; sale of Seagull delivers a 2.3x return to GMT in two and a half years

* Capstan Capital Partners advised GMT on the transaction, Shearman & Sterling and Tenden Advokatfirma provided legal advice

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