M&A Deal Summary

Zayo Acquires 360 Networks

On December 2, 2011, Zayo acquired communications company 360 Networks from Providence Equity Partners and Birch Hill Equity Partners for 319M USD

Acquisition Highlights
  • This is Zayo’s 9th transaction in the Communications sector.
  • This is Zayo’s 5th largest (disclosed) transaction.
  • This is Zayo’s 9th transaction in the United States.
  • This is Zayo’s 2nd transaction in Washington.

M&A Deal Summary
Date 2011-12-02
Target 360 Networks
Sector Communications
Buyer(s) Zayo
Sellers(s) Providence Equity Partners
Birch Hill Equity Partners
Deal Type Add-on Acquisition
Deal Value 319M USD

Target

360 Networks

Seattle, Washington, United States
360 Networks Corp. is a fiber optic communications service provider focused mainly on providing Ethernet, Private Line Transport, IP, VoIP, and Local Access services. 360 Networks was formed in 1987 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Zayo

Boulder, Colorado, United States
Category Company
Founded 2007
Sector Communications
Employees3,700
Revenue 2.6B USD (2018)
DESCRIPTION
Zayo's corporate headquarters in Boulder, Colorado.
Zayo's corporate headquarters in Boulder, Colorado.

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

DEAL STATS #
Overall 9 of 35
Sector (Communications) 9 of 25
Type (Add-on Acquisition) 9 of 33
State (Washington) 2 of 3
Country (United States) 9 of 28
Year (2011) 2 of 2
Size (of disclosed) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 360networks

Seattle, Washington, United States

360networks (USA), Inc. is a provider of customized voice, data, and video transport, as well as Internet services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-03 MarquisNet

Las Vegas, Nevada, United States

MarquisNet LLC is a provider of co-location, hosting, bandwidth, remote data recovery call center, and a host of disaster recovery services.

Buy -

Seller(S) 2

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 30 of 100
Sector (Communications) 11 of 18
Type (Add-on Acquisition) 13 of 40
State (Washington) 2 of 2
Country (United States) 18 of 68
Year (2011) 8 of 8
Size (of disclosed) 29 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-24 OpenSky

New York, New York, United States

OpenSky is a e-commerce platform curated by celebrities and experts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-05 Archipelago Learning

Dallas, Texas, United States

Archipelago Learning, Inc. is a subscription-based, software-as-a-service (SaaS) provider of supplemental education products. Archipelago provides standards-based instruction, practice, assessment and productivity tools that improve the performance of educators and students via web-based platforms. Archipelago Learning was formed in 2000 and is based in Dallas, Texas.

Sell $291M
SELLER

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 5.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Birch Hill Equity Partners is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$50 and C$1000 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners was formed in 1994 and is based in Toronto, Canada.

DEAL STATS #
Overall 16 of 37
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 5 of 17
State (Washington) 1 of 2
Country (United States) 3 of 7
Year (2011) 4 of 4
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Maple Leaf Sports & Entertainment

Toronto, Ontario, Canada

Maple Leaf Sports & Entertainment is a sports enterprise, owns and operates four professional sports franchises (Toronto Maple Leafs, Raptors, FC and Marlies), the Air Canada Centre (a sports and entertainment venue), BMO Field, and Ricoh Coliseum, all located in Toronto.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Hi-Pro Feeds

Okotoks, Alberta, Canada

Hi-Pro Feeds, Inc. is a manufacturer of animal nutrition and feed products for the animal nutrition industry.

Buy -
Mergr

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