ABRY Partners has agreed to buy Masergy Communications. Financial terms were not announced. Masergy provides managed, secure virtualized network services. The deal is expected to close in 90 days.
Masergy Communications, Inc. (“Masergy”) a global provider of secure, virtualized network services announced today that it has entered into a definitive merger agreement with an affiliate of ABRY Partners, LLC (“ABRY Partners”) to purchase 100% of the existing equity of Masergy for an undisclosed price. The transaction is expected to close within 90 days.
“ABRY Partners is one of the most experienced private equity firms in the media, communications, and information industry. ABRY has a strong track record of providing capital to successful companies,” said Chris MacFarland, CEO of Masergy. “We believe they are the right partner to continue our growth plans while providing outstanding service to our clients. We are very proud of what Masergy has achieved to date and we look forward to executing the next phase of our growth strategy.”
This transaction provides liquidity for the founding investors and introduces an experienced equity partner for the company’s continued growth. The existing management team will continue to manage the business with no operational changes.
“We are strong believers in the global information technology and emerging cloud services market and are excited to be participating in it through our acquisition of Masergy,” said Blake Battaglia, Partner at ABRY Partners. “Masergy, with its talented management team, has built a highly scalable business with a diversified blue chip customer base. We look forward to helping Masergy accelerate its growth strategy.”
Masergy provides managed, secure virtualized network services to enterprises that have complex needs across multiple locations. Masergy’s integrated network and software solutions enable customers to seamlessly deploy and manage IT applications, such as video, voice and data, on a global basis. Serving customers throughout the Americas, Europe, Asia, Africa and Australia, Masergy leverages advanced transport technologies to deliver global Ethernet services across a native MPLS network. The company pioneered customer-controlled network services and the delivery of multiple services over a single network connection. Masergy’s customers include companies from the financial/banking, healthcare, entertainment broadcasting, hospitality/hotels and manufacturing industries. More information about Masergy is available at http://www.masergy.com.
About ABRY Partners, LLC
ABRY is one of the most experienced and successful media, communications, and business information services sector-focused private equity investment firms in North America. Since 1989, ABRY has completed over $27 billion of leveraged transactions and other private equity, mezzanine or preferred equity placements.
ABRY is currently investing ABRY Partners VII (a $1.6 billion fully-capitalized traditional private equity fund), ABRY Senior Equity III (a $750 million fully-capitalized senior equity/mezzanine fund) and ABRY Advanced Securities Fund II (a $1.2 billion fully-capitalized senior debt fund).