Buyout (LBO, MBO, MBI) • Communications

GI Partners Acquires Rise Broadband

On February 2, 2023, private equity firm GI Partners acquired communications company Rise Broadband

Acquisition Context
  • This is GI Partners’ 5th transaction in the Communications sector.
  • This is GI Partners’ 44th transaction in the United States.
  • This is GI Partners’ 3rd transaction in Colorado.

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M&A Deal Summary

Date February 2, 2023
Target Rise Broadband
Sector Communications
Buyer(s) GI Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Barclays Investment Bank (Financial)
Bryan Cave Leighton Paisner (BCLP) (Legal)

Target Company

Rise Broadband

Englewood, Colorado, United States
Rise Broadband is a provider of fiber-to-the-home and fixed wireless broadband services across 16 states. It is dedicated to providing reliable high-speed internet and connecting communities one customer at a time. Rise Broadband is based in Englewood, Colorado.
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Buyer Overview 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 Context for Buyer #
Overall 55 of 63
Sector: Communications 5 of 9
Type: Buyout (LBO, MBO, MBI) 17 of 18
State: Colorado 3 of 3
Country: United States 44 of 48
Year: 2023 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Atlas Technical Consultants

Austin, Texas, United States

Atlas Technical Consultants is a provider of professional testing, inspection engineering, and consulting services to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. Atlas Technical Consultants was founded in 2017 and is based in Austin, Texas.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-14 Ask4

Sheffield, United Kingdom

Ask4 is a provider of high-speed internet solutions and managed data services for multi-tenant accommodation. ASK4 partners with universities, private sector student accommodation providers, residential apartment developers, and businesses. Ask4 was founded in 2000 and is based in Sheffield, United Kingdom.

Buy -