Investment Summary

M/C Partners Invests In Neutral Connect Networks

On July 10, 2017, private equity firm M/C Partners invested in communications company Neutral Connect Networks

Investment Highlights
  • This is M/C Partners’ 25th transaction in the Communications sector.
  • This is M/C Partners’ 29th transaction in the United States.
  • This is M/C Partners’ 2nd transaction in Florida.
Investment Fate
  • Neutral Connect Networks merged with another company in 2019.

Investment Summary

Date 2017-07-10
Target Neutral Connect Networks
Sector Communications
Investor(s) M/C Partners
Deal Type Acquisition Financing

Target

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.

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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 35 of 52
Sector: Communications M&A 25 of 32
Type: Acquisition Financing M&A Deals 1 of 1
State: Florida M&A 2 of 3
Country: United States M&A 29 of 45
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Omega Wireless

United States

Omega Wireless offers wireless spectrum in the 600MHz FCC Broadcast Incentive Auction. 600MHz spectrum is the last block of available low-band spectrum and a key infrastructure need for the rollout of 5G wireless services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Lightower Fiber Networks

Boxborough, Massachusetts, United States

Lightower Fiber Networks LLC is a fiber network and broadband service provider in the Northeast, offering over 4,600 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services.

Sell $7.1B