M&A Deal Summary

Stonecourt Capital and Lumerity Capital Acquire 365 Data Centers

On October 6, 2020, private equity firm Stonecourt Capital and growth capital firm Lumerity Capital acquired information technology company 365 Data Centers from Chirisa Capital Management

Acquisition Highlights
  • This is Stonecourt Capital’s 1st and Lumerity Capital’s 3rd transaction in the Information Technology sector.
  • This is Stonecourt Capital’s 3rd and Lumerity Capital’s 3rd transaction in the United States.
  • This is Stonecourt Capital’s 1st and Lumerity Capital’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2020-10-06
Target 365 Data Centers
Sector Information Technology
Buyer(s) Stonecourt Capital
Lumerity Capital
Sellers(s) Chirisa Capital Management
Deal Type Secondary Buyout
Advisor(s) The Bank Street Group LLC (Financial)
Shipman & Goodwin (Legal)

Target

365 Data Centers

Norwalk, Connecticut, United States
website
365 Data Centers is a provider of hybrid data center solutions in 12 strategic, primarily edge, markets. With Data Centers in Boca Raton, Bridgewater (New Jersey), Buffalo, Chicago, Commack (Long Island), Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City, and Tampa, the Company operates facilities aggregating 230,000 square feet and 22 MW of power, along with an interconnected, resilient, low latency, nationwide fiber network. 365 Data Centers was founded in 2002 and is based in Norwalk, Connecticut.

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Buyer(S) 2

DESCRIPTION

Stonecourt Capital is a private equity firm focused on acquiring and partnering with mid-sized to large companies throughout North America and Europe. Stonecourt is a generalist investor with interest in the logistics, food/beverage, business services, industrial, and infrastructure sectors. The Firm looks to commit $100 to $500 million per investment and will consider a variety of transaction situations including growth equity, joint ventures, corporate divestitures, buyouts, recapitalizations, and consolidations. Stonecourt Capital was formed in 2016 and is headquartered in New York City.


DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 PetroLogistics II

Houston, Texas, United States

PetroLogistics is a Houston based company focused on acquiring, developing and operating petrochemical manufacturing, processing and logistics assets in North America.

Buy -
DESCRIPTION


DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 3 of 3
Type (Secondary Buyout) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 3 of 4
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Effectual

Hoboken, New Jersey, United States

Effectual is a managed and professional services company working with commercial enterprises and the public sector to enable digital transformation and full-stack IT modernization. Effectual was founded in 2018 and is based in Hoboken, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Airtower Networks

Washington, District of Columbia, United States

Airtower Networks is a wireless infrastructure provider that designs, builds, owns, and operates next-generation cellular, private LTE, Wi-Fi, and public safety networks. Airtower Networks is based in Washington, District of Columbia.

Buy -

Seller(S) 1

DESCRIPTION

Chirisa Capital Management is a private investment firm focused on digital infrastructure assets including communications, media, technology and real estate. The Firm looks to partner with management teams when pursuing opportunities and generally seeks growth situations. Chirisa Capital Management was formed in 2011 and is headquartered in Dublin.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 365 Data Centers

Norwalk, Connecticut, United States

365 Data Centers is a provider of hybrid data center solutions in 12 strategic, primarily edge, markets. With Data Centers in Boca Raton, Bridgewater (New Jersey), Buffalo, Chicago, Commack (Long Island), Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City, and Tampa, the Company operates facilities aggregating 230,000 square feet and 22 MW of power, along with an interconnected, resilient, low latency, nationwide fiber network. 365 Data Centers was founded in 2002 and is based in Norwalk, Connecticut.

Buy -