Investment Summary

Oak Hill Capital Invests In Race Communications

On November 4, 2020, private equity firm Oak Hill Capital invested in communications company Race Communications

Investment Highlights
  • This is Oak Hill Capital’s 8th transaction in the Communications sector.
  • This is Oak Hill Capital’s 57th transaction in the United States.
  • This is Oak Hill Capital’s 7th transaction in California.

Investment Summary
Date 2020-11-04
Target Race Communications
Sector Communications
Investor(s) Oak Hill Capital
Deal Type Growth Capital
Advisor(s) Bank Street (Financial)
TroyGould (Legal)

Target

Race Communications

San Francisco, California, United States
Race Communications is a telecommunications and technology company, offering a full range of communications services. Race focuses its efforts on building top-tier networks that service 25,000 homes, small businesses and Fortune 500 companies alike. Race Communications is based in San Francisco, California.

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Investor(S) 1

Investor

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.

DEAL STATS #
Overall 64 of 76
Sector (Communications) 8 of 13
Type (Growth Capital) 1 of 5
State (California) 7 of 7
Country (United States) 57 of 69
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Bluepeak

Sioux Falls, South Dakota, United States

Bluepeak is a broadband/cable company providing high-speed internet, television, and digital telephone services for residential and business customers in South Dakota and southwestern Minnesota. Bluepeak was founded in 2014 and is based in Sioux Falls, South Dakota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Imagine

Minneapolis, Minnesota, United States

Imagine is a complete visual communications provider, delivering end-to-end solutions for retailers, CPGs and various other segments. Imagine helps brand marketers execute in-store campaigns with the highest level of quality and accuracy while maintaining a streamlined, cost-effective process. Imagine was founded in 1988 and is based in Minneapolis, Minnesota.

Sell -
Mergr

Product

Company

Legal