M&A Deal Summary

RedBird Capital Partners Acquires Next Tier Connect

On November 30, 2018, private equity firm RedBird Capital Partners acquired real estate company Next Tier Connect

Acquisition Highlights
  • This is RedBird Capital Partners’ 1st transaction in the Real Estate sector.
  • This is RedBird Capital Partners’ 14th transaction in the United States.
  • This is RedBird Capital Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-11-30
Target Next Tier Connect
Sector Real Estate
Buyer(s) RedBird Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Next Tier Connect

Monroeville, Pennsylvania, United States
Next Tier Connect seeks to acquire mixed-use mission-critical real estate properties and data center related properties across the United States. Next Tier Connect is based in Monroeville, Pennsylvania.

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Buyer(S) 1

Buyer

RedBird Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

RedBird Capital Partners is a private equity firm focused on investing in growth-oriented companies in the business services, financial services, sports/leisure/hospitality, and media/entertainment sectors. RedBird will consider opportunities throughout North America and has a particular interest in businesses at an inflection point with proven business models, strong management, and little debt. RedBird Capital Partners was formed in 2014 and is based in New York, New York.

DEAL STATS #
Overall 15 of 43
Sector (Real Estate) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 13
State (Pennsylvania) 1 of 1
Country (United States) 14 of 36
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Lambda Energy Resources

Houston, Texas, United States

Lambda Energy Resources is an independent oil and gas company focused on acquiring and developing assets in the Michigan Basin. Lambda Energy Resources is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 FireBird Energy

Fort Worth, Texas, United States

FireBird Energy is an upstream oil and gas company focused on the acquisition and responsible development of assets in the Midland Basin. The company made a significant acquisition of producing properties in the western Midland Basin at the time of its founding and presently operates over 450 vertical and horizontal wells in the Basin. FireBird Energy was established in 2019 and is based in Fort Worth, Texas.

Buy -
Mergr

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