M&A Deal Summary

Zayo Acquires Latisys

On January 14, 2015, Zayo acquired information technology company Latisys from Great Hill Partners and Catalyst Investors for 675M USD

Acquisition Highlights
  • This is Zayo’s 2nd transaction in the Information Technology sector.
  • This is Zayo’s 3rd largest (disclosed) transaction.
  • This is Zayo’s 21st transaction in the United States.
  • This is Zayo’s 3rd transaction in Colorado.

M&A Deal Summary

Date 2015-01-14
Target Latisys
Sector Information Technology
Buyer(s) Zayo
Sellers(s) Great Hill Partners
Catalyst Investors
Deal Type Add-on Acquisition
Deal Value 675M USD
Advisor(s) Citizens Digital Infrastructure M&A Advisory (Financial)

Target

Latisys

Englewood, Colorado, United States
Latisys Corp. is a provider of hybrid Infrastructure-as-a-Service (IaaS) solutions that span enterprise cloud, managed hosting and data center colocation.

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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 25 of 35
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 25 of 33
State (Colorado) 3 of 3
Country (United States) 21 of 28
Year (2015) 2 of 4
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 IdeaTek Systems

Buhler, Kansas, United States

IdeaTek Systems, Inc. offers television, Internet, phone, as well as Web hosting services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 Allstream

Winnipeg, Manitoba, Canada

Allstream is a provider of IP communications and the only national provider that works exclusively with business customers. Supported by its more than 30,000-kilometre nationwide high-performance fibre-optic network, Allstream’s communications technologies and services include a range of innovative, highly-scalable IP, Cloud and Security solutions that help organizations communicate more efficiently and profitably.

Buy CA$465M

Seller(S) 2

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 27 of 61
Sector (Information Technology) 4 of 6
Type (Add-on Acquisition) 21 of 38
State (Colorado) 1 of 1
Country (United States) 23 of 51
Year (2015) 1 of 4
Size (of disclosed) 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Freightquote.com

Kansas, Missouri, United States

Freightquote.com, Inc. is a provider of web-based freight transportation management services for small businesses.

Sell $365M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-13 Credibility

Malibu, California, United States

Credibility Corp. provides credit management and credibility-building solutions to small and medium-sized businesses in North America. Credibility Corp. markets a full suite of products and services that help SMBs establish, manage and build their credit and credibility (Credit-on-Self) and evaluate the credit worthiness of potential trade partners (Credit-on-Others).

Sell $320M
SELLER

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


DEAL STATS #
Overall 27 of 39
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 14 of 19
State (Colorado) 3 of 4
Country (United States) 26 of 37
Year (2015) 1 of 2
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-05 F+W Media

Blue Ash, Ohio, United States

F+W Media, Inc. is a multi-platform enthusiast media company with businesses in magazine and book publishing, interactive media, broadcast programming, and events.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-18 MindBody

San Luis Obispo, California, United States

MindBody is a technology platform for the fitness, beauty and wellness services industries. Local entrepreneurs worldwide use MINDBODY’s integrated software and payments platform to run, market and build their businesses. Consumers use MINDBODY to more easily find, engage and transact with fitness, wellness and beauty providers in their local communities. MindBody was formed in 2001 and is based in San Luis Obispo, California.

Sell -