Stake Purchase • Communications

Catalyst Investors and M/C Partners Invest In Western Wireless

On January 1, 1993, venture capital firm Catalyst Investors and private equity firm M/C Partners invested in communications company Western Wireless

Investment Context
  • This is Catalyst Investors’ 2nd and M/C Partners’ 3rd transaction in the Communications sector.
  • This is Catalyst Investors’ 2nd and M/C Partners’ 3rd transaction in the United States.
  • This is Catalyst Investors’ 1st and M/C Partners’ 1st transaction in Washington.
Investment Fate
  • Western Wireless went public in 1999.
  • Western Wireless was sold to a strategic buyer in 2005 for 6.0B USD.
  • Western Wireless was sold to a strategic buyer in 2005 for 6.0B USD.

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Investment Summary

Date January 1, 1993
Target Western Wireless
Sector Communications
Investor(s) Catalyst Investors
M/C Partners
Deal Type Stake Purchase

Target Company

Western Wireless

Issaquah, Washington, United States
Western Wireless Corporation is a cellular network operator that provided mobile telecommunications service to subscribers in 19 western states and seven countries.
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Investors Overview 2

Investor

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


Deal Context for Investor #
Overall 2 of 54
Sector: Communications 2 of 15
Type: Stake Purchase 1 of 4
State: Washington 1 of 2
Country: United States 2 of 52
Year: 1993 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Wireless One Network

Ft. Myers, Florida, United States

Wireless One Network LP was a cellular telephone operator in southwest Florida, including Naples, Fort Myers, and the Florida panhandle region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 Charter Communications

Stamford, Connecticut, United States

Charter Communications is a broadband communications company. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet® access, and Charter Spectrum Voice. Charter Communications was incorporated in 1993 and is based in Stamford, Connecticut.

Buy -
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 3 of 52
Sector: Communications 3 of 32
Type: Stake Purchase 1 of 1
State: Washington 1 of 2
Country: United States 3 of 45
Year: 1993 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-01-01 Brooks Fiber Properties

St. Louis, Missouri, United States

Brooks Fiber Properties, Inc. is a provider of competitive local telecommunications services, with an emphasis on secondary markets, by aggressively pursuing switched services opportunities, further building out existing systems and expanding service offerings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 FrontierVision Partners

Denver, Colorado, United States

FrontierVision Partners, L.P. is a provider of cable television systems in small and medium-sized suburban and exurban communities. The company controlled over 500,000 subscribers, principally in the states of Ohio, Kentucky, and Maine.

Buy $123M