M&A Deal Summary

Zayo Acquires AboveNet

On July 2, 2012, Zayo acquired communications company AboveNet from TA Associates for 2.2B USD

Acquisition Highlights
  • This is Zayo’s 11th transaction in the Communications sector.
  • This is Zayo’s largest (disclosed) transaction.
  • This is Zayo’s 12th transaction in the United States.
  • This is Zayo’s 3rd transaction in New York.

M&A Deal Summary

Date 2012-07-02
Target AboveNet
Sector Communications
Buyer(s) Zayo
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 2.2B USD
Advisor(s) Moelis & Co.
J.P. Morgan Securities (Financial)
Wiggin (Legal)

Target

AboveNet

White Plains, New York, United States
website
AboveNet provides high-bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among top U.S. metro markets and globally. AboveNet’s network is widely used in demanding markets such as financial services, media, healthcare, retail and government.

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Buyer(S) 1

Buyer

Zayo

Boulder, Colorado, United States

website


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 12 of 35
Sector (Communications) 11 of 25
Type (Add-on Acquisition) 12 of 33
State (New York) 3 of 3
Country (United States) 12 of 28
Year (2012) 3 of 6
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Arialink Broadband

Brighton, Michigan, United States

Arialink Broadband LLC is a fiber optic service provider. Arialink provides Ethernet, dark fiber and optical transport services to education, government agency and enterprise customers across its 437 on-net building footprint.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 FiberGate

Alexandria, Virginia, United States

FiberGate, Inc. is a provider of Dark Fiber services.

Buy $117M

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 159 of 252
Sector (Communications) 13 of 15
Type (Add-on Acquisition) 90 of 129
State (New York) 13 of 17
Country (United States) 146 of 206
Year (2012) 6 of 9
Size (of disclosed) 6 of 66
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-22 Fotolia

New York, United States

Fotolia is a provider of micro-priced stock images on the Web. Fotolia provides professional and amateur photographers with the ability to connect with more than 800,000 media buyers worldwide – from small businesses and design firms to some of the world’s most recognizable brands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-11 Forgame Holdings

Shenzhen, China

Forgame Holdings is a developer and publisher of online, browser-based games. The company develops, distributes and markets games through company-owned portals and more than 100 third-party portals and platforms. Forgame Holdings was incorporated in 2009 and is based in Shenzhen, China.

Buy -