GTCR has acquired NewWave Communications from Pamlico Capital. The acquisition was completed through GTCR’s previously established partnership with Rural Broadband Investments.

Pamlico Capital is out fundraising for its first independent fund since splitting from Wells Fargo in 2010.

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.

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 [...]

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, 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, 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 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, 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.

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….