Growth Capital • Communications

M/C Partners and Shamrock Capital Advisors Invest In Canopy Spectrum

On January 1, 2020, private equity firms M/C Partners and Shamrock Capital Advisors invested in communications company Canopy Spectrum

Investment Context
  • This is M/C Partners’ 27th and Shamrock Capital Advisors’ 4th transaction in the Communications sector.
  • This is M/C Partners’ 32nd and Shamrock Capital Advisors’ 32nd transaction in the United States.
  • This is M/C Partners’ 1st and Shamrock Capital Advisors’ 1st transaction in Louisiana.

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Investment Summary

Date January 1, 2020
Target Canopy Spectrum
Sector Communications
Investor(s) M/C Partners
Shamrock Capital Advisors
Deal Type Growth Capital

Target Company

Canopy Spectrum

New Orleans, Louisiana, United States
Canopy Spectrum was established to acquire wireless spectrum assets, focusing on the C-Band to support nationwide 5G deployment. The company holds 84 licenses across 43 U.S. markets. Canopy Spectrum is based in New Orleans, Louisiana.
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Investors Overview 2

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 39 of 52
Sector: Communications 27 of 32
Type: Growth Capital 7 of 17
State: Louisiana 1 of 1
Country: United States 32 of 45
Year: 2020 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Ascend Technologies

Chicago, Illinois, United States

Ascend Technologies is a run-of-the-mill managed services provider that helps business leaders make IT investments with confidence, eliminates cybersecurity threats, meets the needs of the business, and optimizes user productivity. Businesses endure, grow, and innovate on a foundation of efficiently run core IT systems. Ascend makes technology the catalyst for business expansion. Ascend Technologies was founded in 2020 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 West Monroe Partners - Managed Services Division

Chicago, Illinois, United States

West Monroe Partners’ Managed Services Division provides help desk support and infrastructure management solutions to clients. Monroe Partners’ Managed Services Division is based in Chicago, Illinois.

Buy -
Investor

Shamrock Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 6.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Shamrock Capital Advisors is a private investment focused exclusively on the media, entertainment, marketing, and communications sectors. The Firm will consider both control and minority positions and looks to commit $30 to $300 million per transaction. Target transactions include growth equity, leveraged/management buyouts, and recapitalizations. Shamrock Capital Advisors was formed in 1978 and is based in Los Angeles, California.


Deal Context for Investor #
Overall 34 of 54
Sector: Communications 4 of 4
Type: Growth Capital 14 of 26
State: Louisiana 1 of 1
Country: United States 32 of 52
Year: 2020 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-11 Ad Results Media

Houston, Texas, United States

Ad Results Media is an advertising agency in audio and podcasting and was one of the first US-based agencies to combine the disciplines of influencer and audio advertising across podcasts, radio, streaming audio, and YouTube. The company coordinates buys across a complex ecosystem of thousands of podcasts, radio shows, and influencers on behalf of its advertising clients, which range from established corporations to high-growth start-ups. Ad Results Media was founded in 1998 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Adweek

New York, New York, United States

Adweek is a business information, events, and media company serving the advertising and marketing industry. The company serves professionals through a diverse portfolio spanning digital media, events, podcasts, print, newsletters, social media, and mobile apps. Adweek was formed in 1978 and is based in New York, New York.

Buy -