M&A Deal Summary

GI Partners Acquires Blue Stream Fiber

On June 2, 2020, private equity firm GI Partners acquired communications company Blue Stream Fiber from Twin Point Capital

Acquisition Highlights
  • This is GI Partners’ 2nd transaction in the Communications sector.
  • This is GI Partners’ 33rd transaction in the United States.
  • This is GI Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2020-06-02
Target Blue Stream Fiber
Sector Communications
Buyer(s) GI Partners
Sellers(s) Twin Point Capital
Deal Type Secondary Buyout
Advisor(s) Lazard Middle Market (Financial)

Target

Blue Stream Fiber

Coral Springs, Florida, United States
Blue Stream Fiber provides customers with advanced broadband and television products all over 100% gigabit-capable networks. The Company offers customers with local and high-touch customer service. Blue Stream Fiber was founded in 1978 and is based in Coral Springs, Florida.

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Buyer(S) 1

Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


DEAL STATS #
Overall 44 of 61
Sector: Communications M&A 2 of 8
Type: Secondary Buyout M&A Deals 16 of 23
State: Florida M&A 1 of 2
Country: United States M&A 33 of 48
Year: 2020 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 MRI Software

Solon, Ohio, United States

MRI Software is a provider of real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. MRI develops lasting client relationships based on nearly five decades of expertise and insight. MRI Software was founded in 1971 and is based in Solon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 Clinical Ink

Winston-Salem, North Carolina, United States

Clinical Ink is a clinical technology company that delivers data certainty from source to submission. Its Lunexis™ eSource platform with configurable Direct Data Capture, eCOA, ePRO, and eConsent modules enables real-time electronic data collection from sites, clinicians, and patients, streamlining workflows, reducing manual effort, and optimizing trial efficiency. Clinical Ink was founded in 2007 and is based in Winston-Salem, North Carolina.

Buy -

Seller(S) 1

DESCRIPTION

Twin Point Capital is a principal investment firm that looks for opportunities across the US. The Firm was formed in 2015 and is headquartered in Palo Alto, California.


DEAL STATS #
Overall 1 of 2
Sector: Communications M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 ECAM

Addison, Texas, United States

ECAM is a provider of live video monitoring solutions focused on designing, installing and providing pro-active remote video monitoring solutions to multi-family residential, commercial and industrial businesses across the United States. ECAM was founded in 2003 and is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-09 Frontpoint Security

Sterling, Virginia, United States

Frontpoint Security provides state of the art home security, life safety and smart home automation products and services. Frontpoint Security was founded in 2007 and is based in Sterling, Virginia.

Buy -