M&A Deal Summary

Collimate Capital Acquires Everstream

On March 9, 2018, asset manager Collimate Capital acquired communications company Everstream from M/C Partners

Acquisition Highlights
  • This is Collimate Capital’s 2nd transaction in the Communications sector.
  • This is Collimate Capital’s 2nd transaction in the United States.
  • This is Collimate Capital’s 1st transaction in Ohio.

M&A Deal Summary
Date 2018-03-09
Target Everstream
Sector Communications
Buyer(s) Collimate Capital
Sellers(s) M/C Partners
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)
Choate Hall & Stewart (Legal)

Target

Everstream

Cleveland, Ohio, United States
Everstream is a super-regional network service provider bringing fiber-based Ethernet, internet and data center solutions to businesses throughout the Midwest. We are the Business Fiber Network. We focus on delivering best-in-class network solutions while providing an unrivaled commitment to customer service. With more than 10,000 route miles and comprehensive data center connectivity at 100 Gigabit speed, we provide the fastest network in our service areas. Everstream’s network allows businesses to operate a converged IP network capable of delivering robust voice, video, and data services at speeds from 10 Mbps to 100 Gbps. Everstream was founded in 2012 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Collimate Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Size Mega
Type Sector Agnostic
DESCRIPTION

Collimate Capital is a global investment and asset management firm focused on real estate, fixed income, infrastructure, and equities. Collimate Capital manages unlisted and listed investment funds across Asia, Europe, North America, Australia and New Zealand. Collimate Capital is headquartered in Sydney, Australia.

DEAL STATS #
Overall 7 of 9
Sector (Communications) 2 of 2
Type (Secondary Buyout) 5 of 6
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Leeds Bradford

Leeds, United Kingdom

Leeds Bradford is a regional airport serving the Yorkshire and Humberside region, the No 3 business centre and one that remains an under-exploited location for air traffic volumes. Leeds Bradford is based in Leeds, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 London Luton Airport

Luton, United Kingdom

London Luton Airport is a seventh largest airport in the UK and one of the fastest growing, serving over 5 million passengers per annum. London Luton Airport was founded in 1987 and is based in Luton, United Kingdom.

Buy -

Seller(S) 1

SELLER

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
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 $5 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 25 of 31
Sector (Communications) 18 of 20
Type (Secondary Buyout) 4 of 6
State (Ohio) 1 of 1
Country (United States) 20 of 26
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Lightower Fiber Networks

Boxborough, Massachusetts, United States

Lightower Fiber Networks LLC is a fiber network and broadband service provider in the Northeast, offering over 4,600 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services.

Sell $7.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 PlumChoice

Lowell, Massachusetts, United States

PlumChoice is a provider of technology care solutions for home and small business customers. The company is reinventing technology care for their home and small business customers. PlumChoice was founded in 2001 and is based in Lowell, Massachusetts.

Sell -
Mergr

Product

Company

Legal