Investment Summary

M/C Partners Invests In Zentro

On July 14, 2021, private equity firm M/C Partners invested in communications company Zentro

Investment Highlights
  • This is M/C Partners’ 30th transaction in the Communications sector.
  • This is M/C Partners’ 39th transaction in the United States.
  • This is M/C Partners’ 5th transaction in Illinois.

Investment Summary
Date 2021-07-14
Target Zentro
Sector Communications
Investor(s) M/C Partners
Deal Type Growth Capital

Target

Zentro

Chicago, Illinois, United States
Zentro is a provider of Gigabit Internet to multi-family buildings and businesses across Chicagoland. The Internet-only company offers access to revolutionary, lightning-fast Internet speeds alongside unparalleled reliability, ensuring uninterrupted viewing of streaming services. Zentro was established in 2012 and is based in Chicago, Illinois.

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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 46 of 51
Sector (Communications) 30 of 32
Type (Growth Capital) 11 of 16
State (Illinois) 5 of 5
Country (United States) 39 of 44
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 AerioConnect

Newbury Park, California, United States

AerioConnect is a provider of Internet, Voice and Video services. AerioConnect was founded in 2004 and is based in Newbury Park, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 ark data centers

Cedar Rapids, Iowa, United States

ark data centers builds, owns, and operates multi-tenant data centers providing related cloud, technical and managed technical services, allowing clients to focus on their core business. ark data centers was founded in 2007 and is based in Cedar Rapids, Iowa.

Sell -
Mergr

Product

Company

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