150 Views

Pamlico-backed Clarity buys South Dakota cable properties for about $262 mln

Clarity Telecom, which is backed by Pamlico Capital, has agreed to acquire WOW!’s Rapid City and Sioux Fall, South Dakota broadband assets for approximately $262 million in cash. The transaction is expected to close in the late third or early fourth quarter of 2014. RBC Capital Markets was financial advisor to WOW! on the deal. WOW!, which is owned by Avista Capital Partners, is a provider of high-speed Internet, cable TV, and phone service in Illinois, Michigan, Indiana and Ohio.

Daxko gets backing from Pamlico

Pamlico Capital has made a majority investment in Daxko. CEO David Gray and other management team members will retain significant ownership of Daxko. Further transaction details have not been disclosed. Based in Birmingham, AL, Daxko provides mission-critical software and services to member-based not-for-profits to help them operate more efficiently, grow healthier organizations, and serve their communities more effectively.

GTCR to Acquire NewWave Communications from Pamlico Capital

GTCR has entered into a definitive agreement to acquire NewWave Communications from Pamlico Capital. The acquisition will be completed through GTCR`s previously established partnership with Rural Broadband Investments. GTCR and Spencer formed RBI in 2012 with the purpose of acquiring broadband infrastructure assets in small and mid-sized communities.

The Riverside Co. Sells HEALTHCAREfirst

Pamlico Capital has acquired HEALTHCAREfirst. Financial terms weren’t announced. The seller is The Riverside Company. HEALTHCAREfirst’s management also invested in the deal. Ozark, Mo.-based HEALTHCAREfirst provides technology services to home health care and hospice care agencies. PRESS RELEASE HEALTHCAREfirst, headquartered in Ozark, Missouri, announced today that Pamlico Capital has acquired the company from The Riverside […]

Lightower Fiber Gets $380 Mln Loan from GE Capital

GE Capital’s TMT group has provided a $380 million credit facility to Lightower Fiber Netwrosk. Pamlico Capital, M/C Venture Partners and Ridgemont Equity Partners own Lightower. Boxborough, Mass.-based Lightower is a metro fiber network and bandwidth service company. PRESS RELEASE GE Capital’s Telecom, Media and Technology (TMT) financing business today announced it served as administrative […]

IBBS Announces New CEO

IBBS, a provider of voice, data and network services for mid-market cable and broadband providers, has appointed telecommunications executive Michael Gallagher as CEO and as a member of the board of directors. Gallagher takes over from Dave Keil who will step down on January 1, 2012. Mid-market private equity firm Pamlico Capital is the majority […]

Hosting.com Buys NeoSpire

Hosting.com, a cloud hosting and recovery services company backed by private equity shop Pamlico Capital, is buying Dallas-based managed hosting company NeoSpire. Terms of the deal were not released. NeoSpire was formed in 1999. Pamlico Capital is based in Charlotte, N.C.

Pamlico Backs T2 Systems with $28M

Pamlico Capital led a $28 million round for T2 Systems, a provider of a software-as-a-service for parking management. The company’s management team also contributed to the round. T2 was formed in 1994. Its chief executive, Mike Simmons, will retain “significant ownership” and will continue to manage the company in partnership with Pamlico and the existing senior management team, the company said in a written release. Specific details of the funding were not released.

Freeman Finds Deal in its Wheelhouse

Freeman, the Dallas-based marketing and conference coordinator, has acquired Wheelhouse Solutions, a parent company to several companies to which the Texas company is a client. Wheelhouse was a portfolio company of North Carolina private equity firm Pamlico Capital, formerly Wachovia Capital Partners. MHT Securities advised on the transaction.

Slideshow: Spinning Their Way to New Investors

Investment firms are being spun out of banks left and right—some, to keep companies in compliance with the new requirements imposed on banks via Dodd-Frank. peHUB has been tracking some of the spin-outs seeking capital, and some others, that have not yet needed to fundraise—but soon, might. While the fundraising market has been generous to some private equity firms, other PE shops could face difficulty bringing in capital absent of their big-brother LPs. Only time will tell….

Slideshow: 5 Top Strategic Buyers Of Sponsor-Backed Companies

Corporations and other strategic buyers are presenting buyout shops with serious competition in today’s heated market, but they’re also supplying a rich source of exits, according to the Buyouts cover story, published June 20. As of June 13, strategic buyers around the world bought 15,825 companies, including full or partial stakes, with a combined value […]

Nautic, Pamlico To Make 2.7x Their Money on MACTEC Sale

Nautic Partners and Pamlico Capital said Wednesday that its sale of MACTEC will yield a return of 2.7x their investment. This includes prior distributions, the PE firms said. In May, AMEC said it had bought MACTEC, an engineering and environmental services company based in Alpharetta, Ga., for $280 million.

Nestle Health Science Buys Prometheus Labs

Nestle Health Science, a subsidiary of Nestle SA, will buy specialty pharmaceutical and diagnostic company Prometheus Laboratories Inc. for an undisclosed amount, the company announced Tuesday. Prometheus is focused on developing science-based nutritional solutions for medical conditions. The company had raised funding from investors including DLJ Merchant Banking Partners, SPVC, Sprout Group, Apax Partners, Pamlico Capital and Brentwood Venture Capital.

Wellspring Capital Buys Crosman from Pamlico

Wellspring Capital Management has paid an undisclosed amount to buy Crosman Corp. from Pamlico Capital. Terms of the deal were not released. The company said that Crosman’s management team will retain a significant ownership position in the company. Crossman is based in East Bloomfield, N.Y., and is a designer, manufacturer and marketer of airguns and airsoft guns.

2 Comments

NY Firm Takes Aim At Airgun Co.

Wellspring Capital Management LLC is close to buying Crosman Corp., a maker of shooting sports products, from Pamlico Capital, Buyouts is reporting, citing a source and a regulatory filing. The Bloomfield, N.Y.-based company generates about $125 million in annual revenue, the source said, and according to its Web site, the company employs more than 300 […]

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget