Investment Summary

M/C Partners Invests In celito

On May 24, 2023, private equity firm M/C Partners invested in communications company celito

Investment Highlights
  • This is M/C Partners’ 31st transaction in the Communications sector.
  • This is M/C Partners’ 42nd transaction in the United States.
  • This is M/C Partners’ 1st transaction in North Carolina.

Investment Summary
Date 2023-05-24
Target celito
Sector Communications
Investor(s) M/C Partners
Deal Type Growth Capital

Target

celito

Raleigh, North Carolina, United States
celito is a local communications and managed services provider to businesses leveraging its fully owned fiber network. celito was founded in 1999 and is based in Raleigh, North Carolina.

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Investor(S) 1

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 STATS #
Overall 49 of 51
Sector (Communications) 31 of 32
Type (Growth Capital) 14 of 16
State (North Carolina) 1 of 1
Country (United States) 42 of 44
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-16 C3 Integrated Solutions

Arlington, Virginia, United States

C3 Integrated Solutions is a provider of IT, cybersecurity, and services to the Defense Industrial Base. The company is committed to securing the nation's cybersecurity assets and fostering economic growth. C3 Integrated Solutions was founded in 2008 and is based in Arlington, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-19 AccessParks

San Diego, California, United States

AccessParks provides high-performance broadband connectivity to RV parks, national and state parks, and manufactured housing communities across the United States. AccessParks is based in San Diego, California.

Buy -
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