M&A Deal Summary

EQT Acquires Segra

On February 20, 2017, private equity firm EQT acquired communications company Segra for 950M USD

Acquisition Highlights
  • This is EQT’s 11th transaction in the Communications sector.
  • This is EQT’s 25th largest (disclosed) transaction.
  • This is EQT’s 15th transaction in the United States.
  • This is EQT’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2017-02-20
Target Segra
Sector Communications
Buyer(s) EQT
Deal Type Going Private
Deal Value 950M USD
Advisor(s) Wells Fargo Securities
UBS Investment Bank (Financial)
Lawler, Metzger, Keeny and Logan (LMKL)
Troutman Pepper Hamilton Sanders (Legal)

Target

Segra

Charlotte, North Carolina, United States
website
Segra is a provider of mission-critical connectivity solutions over a fiber-based network. Representing a successful combination of Lumos Networks and Spirit Communications. Segra provides Ethernet, MPLS, dark fiber, advanced data center services, IP and managed services, voice and cloud solutions, all backed by its industry-leading service and reliability. Segra is headquartered in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 161 of 287
Sector (Communications) 11 of 14
Type (Going Private) 9 of 17
State (North Carolina) 2 of 3
Country (United States) 15 of 52
Year (2017) 1 of 19
Size (of disclosed) 25 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-17 Candyking International AB

Solna, Sweden

Candyking International AB is a provider of an integrated pick-and-mix full service concept for confectionery, natural snacks and premium chocolates to grocery retailers, cinemas, service stations and other outlets.

Sell kr325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 Dorner Mfg.

Hartland, Wisconsin, United States

Dorner Mfg. Corp. is a US-based major global provider of purpose-built, high-quality precision conveyor systems utilized in process automation operations to enhance productivity, quality, and profitability throughout the production process. Dorner Mfg. Corp was formed in 1996 and is based in Hartland, Wisconsin.

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Mergr

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Company

Legal