M&A Deal Summary |
|
|---|---|
| Date | 2013-04-11 |
| Target | Lightower Fiber Networks |
| Sector | Communications |
| Buyer(s) |
Pamlico Capital
M/C Partners Peppertree Capital Berkshire Partners ABRY Partners HarbourVest Partners Ridgemont Equity Partners |
| Deal Type | Recapitalization |
| Deal Value | 2.0B USD |
| Advisor(s) | Alston & Bird (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 43 of 84 |
| Sector (Communications) | 7 of 9 |
| Type (Recapitalization) | 4 of 10 |
| State (Massachusetts) | 2 of 4 |
| Country (United States) | 41 of 79 |
| Year (2013) | 1 of 2 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-02-13 |
NewWave Communications
Sikeston, Missouri, United States NewWave Communications, Inc. is a broadband/cable company providing television, high speed internet, and digital telephone services for residential and business customers. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-30 |
PE GI Solutions
Jamison, Pennsylvania, United States PE GI Solutions is a developer, manager, and owner of freestanding, single-specialty endoscopic Ambulatory Surgery Centers in partnership with practicing physicians and hospitals. PE GI Solutions was founded in 1998 and is based in Jamison, Pennsylvania. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 2.4B USD |
| Size | Large |
| Type | Sector Focused |
M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $10 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 51 |
| Sector (Communications) | 22 of 32 |
| Type (Recapitalization) | 1 of 1 |
| State (Massachusetts) | 1 of 2 |
| Country (United States) | 22 of 44 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-01 |
CoreLink Data Centers
Mount Prospect, Illinois, United States M/C partnered with management to form CoreLink Data Centers in late 2007 to pursue the long-term trend of outsourcing information technology to managed services data centers. Corelink focuses on identifying and acquiring colocation opportunities in geographical markets that have high growth potential and are currently underserved. To date, CDC acquired datacenter assets in Seattle and Phoenix. CoreLink Data Centers is based in Mount Prospect, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-05 |
Baja Broadband
Alamogordo, New Mexico, United States Baja Broadband is a full-service communications company offering best-in-class residential and commercial video, high-speed Internet, and voice services. Baja is committed to being the major provider of entertainment, information, and communication services in the communities it serves. |
Sell | $268M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 4.8B USD |
| Size | Large |
| Type | Sector Focused |
Peppertree Capital is a private equity firm that targets investments in mid to large-sized wireless telecommunication infrastructure companies. Peppertree focuses on growing companies with recurring, predictable cash-flows, and led by management with proven track records. Specific areas of interest include communication rooftop developers, fiber network operators, and related real estate projects. Target transaction types include buyouts, recapitalizations and growth capital financings. Peppertree Capital was formed in 2003 and is based in Chagrin Falls, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 19 |
| Sector (Communications) | 6 of 6 |
| Type (Recapitalization) | 1 of 1 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 18 of 19 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-04 |
Pegasus Tower Development
Tazewell, Virginia, United States Pegasus Tower Development Co. LLC is a wireless infrastructure management and development services company. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-10 |
AC Lordi
Malvern, Pennsylvania, United States AC Lordi Corp. is a provider of accounting and risk management consulting and executive search. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 16.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 101 |
| Sector (Communications) | 4 of 7 |
| Type (Recapitalization) | 17 of 23 |
| State (Massachusetts) | 8 of 16 |
| Country (United States) | 52 of 89 |
| Year (2013) | 2 of 2 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-02-28 |
SRS Distribution
McKinney, Texas, United States SRS Distribution is a distributor of residential roofing materials and supplies in the U.S. SRS has over 160 branches in more than 40 states serving a diverse group of roofing contractors, home builders, and retailers. SRS Distribution was founded in 2008 and is based in McKinney, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-06-13 |
Coty
New York, New York, United States Coty is a pure-play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty was incorporated in 1904 and is headquartered in New York City. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 12.8B USD |
| Size | Mega |
| Type | Sector Focused |
ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 87 of 171 |
| Sector (Communications) | 13 of 16 |
| Type (Recapitalization) | 6 of 15 |
| State (Massachusetts) | 6 of 8 |
| Country (United States) | 75 of 145 |
| Year (2013) | 3 of 6 |
| Size (of disclosed) | 1 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-11 |
Sidera Networks
New York, New York, United States Sidera Networks, Inc. is a provider of tailored, high capacity communications services that ensure optimal business performance to carrier and enterprise customers. Sidera Networks offers a comprehensive suite of facilities-based services including: Ethernet, SONET, wavelength, internet access, colocation and more. With a fiber optic network leveraging unique rights-of-way that spans from Maine to Virginia, out to Chicago and up to Toronto, Sidera is committed to delivering cost-effective, custom solutions coupled with superior industry expertise, service and support. |
Sell | $2.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-07 |
Airband Communications
Dallas, Texas, United States Airband Communications is a broadband communications provider of Voice over IP and high-speed data solutions primarily using broadband fixed wireless technology. airBand currently offers its data services in 5 U.S. markets including the Baltimore, Dallas, Fort Worth, Houston, Philadelphia and Phoenix metropolitan areas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 114 of 223 |
| Sector (Communications) | 11 of 14 |
| Type (Recapitalization) | 6 of 11 |
| State (Massachusetts) | 6 of 9 |
| Country (United States) | 69 of 134 |
| Year (2013) | 5 of 11 |
| Size (of disclosed) | 28 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-11 |
Sidera Networks
New York, New York, United States Sidera Networks, Inc. is a provider of tailored, high capacity communications services that ensure optimal business performance to carrier and enterprise customers. Sidera Networks offers a comprehensive suite of facilities-based services including: Ethernet, SONET, wavelength, internet access, colocation and more. With a fiber optic network leveraging unique rights-of-way that spans from Maine to Virginia, out to Chicago and up to Toronto, Sidera is committed to delivering cost-effective, custom solutions coupled with superior industry expertise, service and support. |
Sell | $2.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-19 |
SeaWorld
Orlando, Florida, United States United Parks & Resorts is a theme park and entertainment company focused on delivering personal, interactive and educational experiences that blend imagination with nature and enable customers to celebrate, connect with and care for the natural world. SeaWorld owns or licenses a portfolio of globally recognized brands including SeaWorld, Shamu and Busch Gardens. The Company's theme parks feature a diverse array of rides, shows and other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for guests. United Parks & Resorts was formed in 1959 and is based in Orlando, Florida. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 87 of 133 |
| Sector (Communications) | 7 of 8 |
| Type (Recapitalization) | 2 of 8 |
| State (Massachusetts) | 2 of 4 |
| Country (United States) | 73 of 118 |
| Year (2013) | 4 of 4 |
| Size (of disclosed) | 8 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-09 |
Simpleview
Tucson, Arizona, United States Simpleview is a provider of CRM, CMS, website design, digital marketing services, and data insights for convention bureaus, venues, tourism boards, destination marketing organizations, and attractions. Simpleview was formed in 1991 and is based in Tucson, Arizona. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-30 |
LIN Media
Providence, Rhode Island, United States LIN Media is a local multimedia company that operates or services 43 television stations and seven digital channels in 23 U.S. markets, along with a diverse portfolio of websites, apps and mobile products that make it more convenient to access its unique and relevant content on multiple screens. LIN Media’s highly-rated television stations deliver important local news and community stories along with top-rated sports and entertainment programming to 10.5% of U.S. television homes. The Company’s growing digital media portfolio helps agencies and brands effectively and efficiently reach their target audiences at scale by utilizing its ComScore Top 15 Video and Top 25 Display market share, and the latest in conversational marketing, video, display, mobile, social intelligence and monetization, as well as reporting across all screens. |
Sell | - |
