M&A Deal Summary

Stonepeak, IMCO and Newlight Partners Acquire euNetworks

On November 6, 2017, infrastructure investor Stonepeak, asset manager IMCO and private equity firm Newlight Partners acquired communications company euNetworks from Columbia Capital

Acquisition Highlights
  • This is Stonepeak’s 3rd, IMCO’s 1st and Newlight Partners’ 1st transaction in the Communications sector.
  • This is Stonepeak’s 1st, IMCO’s 1st and Newlight Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-11-06
Target euNetworks
Sector Communications
Buyer(s) Stonepeak
IMCO
Newlight Partners
Sellers(s) Columbia Capital
Deal Type Secondary Buyout
Advisor(s) Barclays Investment Bank (Financial)

Target

euNetworks

London, United Kingdom
euNetworks is a provider of bandwidth infrastructure services. euNetworks focuses on delivering scalable, fiber-based products and solutions to a customer base that is at the center of technology transformation. euNetworks was founded in 2002 and is based in London, United Kingdom.

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Buyer(S) 3

Buyer

Stonepeak

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 14 of 40
Sector (Communications) 3 of 6
Type (Secondary Buyout) 3 of 7
Country (United Kingdom) 1 of 4
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 GTA

Tamuning, Guam

GTA is a digital infrastructure provider of broadband, wireless, data center, and subsea cable landing services. GTA is based in Tamuning, Guam.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Paradigm Energy Partners

Dallas, Texas, United States

Paradigm Energy Partners is focused on developing, constructing, and operating midstream assets in the Bakken Shale in North Dakota and the Eagle Ford in South Texas.

Sell -
Buyer

IMCO

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2016
PE ASSETS 5.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investment Management Corporation of Ontario (IMCO) is an asset manager focused on North American and European companies. IMCO invests in a variety of strategies including credit, infrastructure, private equity, and real estate. Within private equity, the Firm invests in a range of sectors including business services, consumer products, technology, media and communications, healthcare, and financial services. IMCO was founded in 2016 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 1 of 5
Sector (Communications) 1 of 1
Type (Secondary Buyout) 1 of 3
Country (United Kingdom) 1 of 3
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Power Solutions

Chester, United Kingdom

Power Solutions is a UK energy consultancy having long-standing, trusted relationships with more than 20 of the UK’s leading providers of gas and electricity to find the best contract for your business. In partnership with virgin media business, the company also offers a range of broadband and telecoms services, including voom fibre. And in the newly deregulated water market, we can negotiate business water contracts for you at a competitive price. It helps clients from negotiation to the overall management of contracts from beginning to end, saving you time, hassle and money. Power Solutions was founded in 2005 and is based in Chester, United Kingdom.

Buy -
Buyer

Newlight Partners


Category Private Equity Firm
Founded 2018
PE ASSETS 4.0B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Newlight Partners is a growth-focused middle market private equity firm investing in companies across North America. The Firm seeks to partner with founders and management teams in businesses in a variety of industries including healthcare, financial services, digital transformation, and decarbonization. Newlight Partners typically commits up to $150 million per transaction to support long-term growth initiatives. Newlight Partners was founded in 2018 and is headquartered in New York, New York.


DEAL STATS #
Overall 2 of 12
Sector (Communications) 1 of 3
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 3
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Bioenergy Devco

Annapolis, Maryland, United States

Bioenergy Devco provides anaerobic digestion to recycle organics once destined for incineration or already crowded landfills. This process creates renewable natural gas and healthy living soils. Bioenergy Devco is based in Annapolis, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Leyline Renewable Capital

Durham, North Carolina, United States

Leyline Renewable Capital is a provider of renewable energy with deep expertise in project development, construction, and finance. Leyline has provided financing to developers that bridges the gap between mid-stage development and construction across several renewable energy sectors, including solar, storage, wind, and renewable natural gas. Leyline Renewable Capital was founded in 2016 and is based in Durham, North Carolina.

Buy -

Seller(S) 1

SELLER

Columbia Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 5.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Columbia Capital is a growth capital firm focused on the IT sector. The Firm looks to commit $15 to $40 million to growth stage North American and Western European companies operating in the enterprise IT, internet infrastructure, and mobile communications sectors. Columbia Capital was established in 1989 and is headquartered in Alexandria, Virginia.


DEAL STATS #
Overall 1 of 5
Sector (Communications) 1 of 2
Type (Secondary Buyout) 1 of 2
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 Cologix

Denver, Colorado, United States

Cologix is a network-neutral interconnection and colocation company that provides massively scalable interconnection services and secure, reliable colocation services in densely connected, strategically located data centers. Cologix was founded in 2010 and is headquartered in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Everstream Analytics

San Marcos, California, United States

Everstream Analytics is a supply chain risk analytics company that delivers actionable insights to increase the resilience and agility of our clients’ supply chains, protecting revenue and reputation. Everstream Analytics is based in San Marcos, California.

Buy -