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M&A Deal Summary

M/C Partners Acquires Carbon60 Networks

On January 8, 2019, private equity firm M/C Partners acquired internet software and services company Carbon60 Networks

Acquisition Highlights
  • This is M/C Partners’ 4th transaction in the Internet Software and Services sector.
  • This is M/C Partners’ 2nd transaction in Canada.
  • This is M/C Partners’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2019-01-08
Target Carbon60 Networks
Sector Internet Software and Services
Buyer(s) M/C Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Blaney McMurtry (Legal)

Target

Carbon60 Networks

Toronto, Ontario, Canada
Carbon60 Networks specializes in delivering end-to-end managed hosting solutions for public and private sector organizations with business-critical workloads. Carbon60 provides secure and high-performance hosting services using its Canadian cloud platform in Toronto and Kelowna and the leading hyperscale clouds for hybrid IT solutions. Carbon60 Networks was founded in 1996 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

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 36 of 52
Sector: Internet Software and Services M&A 4 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 20
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 PlumChoice

Lowell, Massachusetts, United States

PlumChoice is a provider of technology care solutions for home and small business customers. The company is reinventing technology care for their home and small business customers. PlumChoice was founded in 2001 and is based in Lowell, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Neutral Connect Networks

West Palm Beach, Florida, United States

Neutral Connect Networks is an independent owner and operator of wireless communications infrastructure. Neutral Connect Networks primary focus is building and operating multi-carrier neutral host DAS and small cell networks in venues and buildings throughout North America. Neutral Connect Networks was established in 2011 and is headquartered in West Palm Beach, Florida.

Sell -
Mergr

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