M&A Deal Summary

APG Asset Management Acquires Conterra Ultra Broadband

On June 30, 2020, asset manager APG Asset Management acquired communications company Conterra Ultra Broadband from Court Square Capital Partners

Acquisition Highlights
  • This is APG Asset Management’s 2nd transaction in the Communications sector.
  • This is APG Asset Management’s 1st transaction in the United States.
  • This is APG Asset Management’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-06-30
Target Conterra Ultra Broadband
Sector Communications
Buyer(s) APG Asset Management
Sellers(s) Court Square Capital Partners
Deal Type Secondary Buyout
Advisor(s) TD Securities
Evercore Group (Financial)
Morgan Lewis
Dechert (Legal)

Target

Conterra Ultra Broadband

Charlotte, North Carolina, United States
Conterra Networks creates custom technology-based network solutions for businesses of all sizes across 22 states. The company has been designing, building, and managing 11,000+ mile owned and operated fiber network. Its service, reliability, and expertise in understanding customers’ needs have enabled them to become one of the fastest-growing telecommunication companies in the country. Conterra Ultra Broadband is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

APG Asset Management

Category Asset Manager
Size Large
Type Sector Agnostic
DESCRIPTION

APG Asset Management is a multi-asset Dutch investment management firm focused on managing and providing investment programs for pension funds. APG Asset Management is based in Amsterdam with additional offices in New York City and Hong Kong.

DEAL STATS #
Overall 6 of 7
Sector (Communications) 2 of 2
Type (Secondary Buyout) 3 of 4
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-28 BRISA Auto-estradas de Portugal

Sao Domingos de Rana, Portugal

BRISA Auto-estradas de Portugal international highway operator and the largest transport infrastructure company with assets divided into five business areas: concessions, road services, vehicle inspections and international businesses (India, Holland and United States of America). BRISA Auto-estradas de Portugal was founded in 1972 and is based in Sao Domingos de Rana, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Groendus

Utrecht, Netherlands

Groendus is an operator of a sustainable energy business that helps business customers on their way to 100% clean energy through a combination of smart savings, self-generation and direct purchase and sale of sustainable energy. Groendus was founded in 2021 and is based in Utrecht, Netherlands.

Buy -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.

DEAL STATS #
Overall 45 of 56
Sector (Communications) 3 of 3
Type (Secondary Buyout) 12 of 18
State (North Carolina) 1 of 2
Country (United States) 42 of 53
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Medical Knowledge Group

New York, New York, United States

Medical Knowledge Group address the business needs of biopharmaceutical companies through the provision of network-mapping analytics, patient-finding analytics, and multi-channel marketing solutions. Medical Knowledge Group was formed in 2004 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 RailPros

Irving, Texas, United States

RailPros is a provider of outsourced safety management, design & engineering, inspection, site & program management, utility observation, and training services to rail operators, utilities, state DOTs and contractors working adjacent to rail infrastructure. RailPros has over 700 professionals across 14 offices and serves customers nationwide. RailPros was founded in 2000 and is based in Irving, Texas.

Buy -
Mergr

Product

Company

Legal