M&A Deal Summary

Cincinnati Bell Acquires eGIX

On December 6, 2007, Cincinnati Bell acquired communications company eGIX from Centerfield Capital Partners for 18M USD

Acquisition Highlights
  • This is Cincinnati Bell’s 1st transaction in the Communications sector.
  • This is Cincinnati Bell’s 4th largest (disclosed) transaction.
  • This is Cincinnati Bell’s 1st transaction in the United States.
  • This is Cincinnati Bell’s 1st transaction in Indiana.

M&A Deal Summary
Date 2007-12-06
Target eGIX
Sector Communications
Buyer(s) Cincinnati Bell
Sellers(s) Centerfield Capital Partners
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

eGIX

Carmel, Indiana, United States
eGIX, Inc. provides voice and data communications services to small and medium sized businesses. eGix serves as a single source for reliable unified voice and data solutions, Internet access, VoIP applications, local line services and a full suite of enhanced services, including unified communications.

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Buyer(S) 1

Buyer

Cincinnati Bell

Cincinnati, Ohio, United States
Category Company
Founded 1873
Sector Communications
Employees4,300
Revenue 1.5B USD (2019)
DESCRIPTION
Cincinnati Bell's corporate headquarters in Cincinnati, Ohio.
Cincinnati Bell's corporate headquarters in Cincinnati, Ohio.

Cincinnati Bell, Inc. is a provider of integrated communications solutions, including local and long-distance voice, data, high-speed Internet and entertainment services. Cincinnati Bell serves customers in Greater Cincinnati and Dayton. Cincinnati Bell was founded in 1873 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 1 of 6
Sector (Communications) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Indiana) 1 of 1
Country (United States) 1 of 5
Year (2007) 1 of 1
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-12 CyrusOne

Dallas, Texas, United States

CyrusOne is a global REIT specializing in design, construction, and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies. CyrusOne was founded in 2001 and is based in Dallas, Texas.

Buy $525M

Seller(S) 1

SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 4 of 42
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 2 of 21
State (Indiana) 2 of 9
Country (United States) 4 of 42
Year (2007) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 DCL Medical laboratories

Indianapolis, Indiana, United States

DCL Medical laboratories LLC, a women's health-focused laboratory, provides diagnostic and clinical trial testing to physicians, hospitals and pharmaceutical companies throughout the central Midwest.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-15 Diversified Graphics

Minneapolis, Minnesota, United States

Diversified Graphics, Inc. is a provider of complete print solutions to over 400 customers, including national advertising and graphic design agencies and Fortune 1000 companies. Diversified Graphics, Inc. was established in 1949 and is based in Minneapolis, Minnesota.

Sell -
Mergr

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