Eureka Growth Capital has sold Stamford, Connecticut-based Campus Televideo, a provider of cable television and related services for the college and university sector, to an unnamed strategic buyer. No financial terms were disclosed. Eureka orginally acquired a controlling stake in CTV via a recapitalization in November 2010.
PHILADELPHIA, PA, June 29, 2015 – Eureka Growth Capital (“Eureka”) today announced the sale of Campus Televideo (“CTV”), the nation’s leading provider of cable television and related services to the college and university market, to a strategic buyer. Eureka acquired a controlling interest in CTV in a November 2010 recapitalization.
Headquartered in Stamford, CT with offices in Bear, DE and Carlsbad, CA, CTV delivers authenticated entertainment, educational and custom content. CTV meets the unique needs of the campus community by providing innovative and customized video solutions including IPTV and streaming video in addition to integrated emergency alert systems.
“It has been a tremendous pleasure to work with CTV President Brian Benz and his talented team as CTV has grown to reach over 600,000 students on over 250 campuses across the U.S.,” said Chris Hanssens, Managing Partner of Eureka and former Chairman of CTV. “Brian confidently led CTV to significant growth in each year during our ownership by seeing each advancement in technology or shift in content delivery as an opportunity to further differentiate CTV, creating compelling value and a great outcome for our investors.” Jonathan Chou, a Principal with Eureka and former Director with CTV, added, “the CTV investment is another good example of the success of Eureka’s partnerships with talented management teams at a key stage in a company’s growth.”
“Eureka has been a great partner providing financial, strategic and business advice to facilitate CTV’s growth, both organic and through accretive acquisitions,” stated Brian Benz. “CTV’s business model really expanded following Eureka’s acquisition of a controlling interest in 2010, and Chris and his team were always available when I needed them as we tracked our course. I would welcome the opportunity to work with the Eureka team again in the future.”
About Eureka Growth Capital
Eureka Growth Capital is a private equity firm targeting niche market leaders with up to $75 million in revenue. Eureka focuses on partnering with proven managers to drive the growth of promising companies into outstanding enterprises. Eureka leads buyouts that bring significant ownership to the operators driving the success of the business and minority recapitalizations with flexible investment structures designed to uniquely meet the needs of the company, its management team and other shareholders. More information about Eureka Growth Capital can be found at www.eurekagrowth.com.