Venture • Communications

M/C Partners, Battery Ventures, Charlesbank Capital Partners, HarbourVest Partners and GTCR Invest In Zayo

On August 11, 2007, private equity firms M/C Partners, Battery Ventures, Charlesbank Capital Partners, HarbourVest Partners and GTCR invested in communications company Zayo

Investment Context
  • This is M/C Partners’ 17th, Battery Ventures’ 2nd, Charlesbank Capital Partners’ 2nd, HarbourVest Partners’ 4th and GTCR’s 2nd transaction in the Communications sector.
  • This is M/C Partners’ 17th, Battery Ventures’ 15th, Charlesbank Capital Partners’ 22nd, HarbourVest Partners’ 34th and GTCR’s 45th transaction in the United States.
  • This is M/C Partners’ 2nd, Battery Ventures’ 2nd, Charlesbank Capital Partners’ 2nd, HarbourVest Partners’ 1st and GTCR’s 1st transaction in Colorado.
Investment Fate
  • Zayo went public in 2014.
  • Zayo was sold to a consortium of financial buyers in 2019 for 14.3B USD.

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Investment Summary

Date August 11, 2007
Target Zayo
Sector Communications
Investor(s) M/C Partners
Battery Ventures
Charlesbank Capital Partners
HarbourVest Partners
GTCR
Deal Type Venture

Target Company

Zayo

Boulder, Colorado, United States
Zayo's corporate headquarters in Boulder, Colorado.
Zayo's corporate headquarters in Boulder, Colorado.
Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.
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Investors Overview 5

Investor

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

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 Context for Investor #
Overall 21 of 52
Sector: Communications 17 of 32
Type: Venture 4 of 6
State: Colorado 2 of 3
Country: United States 17 of 45
Year: 2007 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Melita

Mriehel By-Pass, Malta

Melita is a provider of high-speed broadband and mobile services as well as a premium TV to households and businesses connected to its state-of-the-art telecom network in Malta. It owns and operates a fully invested, over 1,600km long HFC network as well as a 5G-ready mobile network with its own tower and small cell footprint. Melita was founded in 1991 and is based in Mriehel By-Pass, Malta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 UNSi

Carrollton, Texas, United States

United Networks Services, Inc. is a fixed wireless provider serving businesses. UNSi is based in Carrollton, Texas.

Buy -
Investor

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


Deal Context for Investor #
Overall 16 of 118
Sector: Communications 2 of 2
Type: Venture 3 of 17
State: Colorado 2 of 3
Country: United States 15 of 78
Year: 2007 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-24 Rogue Wave Software

Boulder, Colorado, United States

Rogue Wave Software, Inc. is a provider of reusable software components and services to professional developers for enterprise-class, high-performance application development. Today, thousands of developers at some of the world's leading companies have used Rogue Wave® products to develop mission-critical applications. Rogue Wave Software was founded in 1989 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Guidewire

San Mateo, California, United States

Guidewire is a provider of technology solutions to property and casualty insurance and workers' compensation insurers. Guidewire delivers proven software to run core insurance operations, including billing, underwriting, policy administration, and claim management. Guidewire was founded in 2001 and is based in San Mateo, California.

Buy -
Investor

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


Deal Context for Investor #
Overall 26 of 92
Sector: Communications 2 of 2
Type: Venture 1 of 1
State: Colorado 2 of 3
Country: United States 22 of 81
Year: 2007 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-26 GSI Holdings

New York,, New York, United States

GSI Holdings is a manufacturer of grain storage and protein production systems . The company is engaged in the the trade of fabrics, apparels, raw materials, scientific instruments, and other machinery.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-15 MasterCraft

Vonore, Tennessee, United States

MasterCraft is a manufacturer of inboard “sport boats” used for waterskiing, wakeboarding and general recreation. MasterCraft was founded in 1968 and is based in Vonore, Tennessee.

Buy -
Investor

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 Context for Investor #
Overall 56 of 214
Sector: Communications 4 of 14
Type: Venture 12 of 21
State: Colorado 1 of 4
Country: United States 34 of 130
Year: 2007 13 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Takko Fashion

Telgte, Germany

Takko Fashion is a retailer of fashionable 'value for money' clothing, targeting young families and women aged between 25 and 40. Takko Fashion was formed in 1982 and runs over 900 stores in Germany, Austria, The Netherlands, Hungary, and the Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-20 Towne Park

Plymouth Meeting, Pennsylvania, United States

Towne Park is a provider of contracted hospitality services and parking systems nationwide. Towne Park was founded in 1988 and is based in Plymouth Meeting, Pennsylvania.

Buy -
Investor

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


Deal Context for Investor #
Overall 46 of 157
Sector: Communications 2 of 13
Type: Venture 1 of 1
State: Colorado 1 of 4
Country: United States 45 of 148
Year: 2007 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-09 Managed Health Care Associates

Florham Park, New Jersey, United States

Managed Health Care Associates, Inc. is a health care services and technology company. MHA offers a variety of services to pharmaceutical manufacturers selling to the LTC industry, including contract administration, marketing, and continuing education. Managed Health Care Associates was formed in 1989 and is based in Florham Park, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-11 PrivateBancorp

Chicago, Illinois, United States

PrivateBancorp, Inc. is a provider of personalized financial services primarily to affluent individuals, professionals, owners of closely-held businesses and commercial real estate investors. PrivateBancorp, Inc., through its subsidiary The PrivateBank, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. The Company has 34 offices in 12 states and, as of March 31, 2016, had US$17.7 billion in assets.

Buy $200M