MARLBORO, MA — Conversent Communications,
LLC, an Integrated Communications Provider (ICP), today announced it has secured $186
million in a second round of funding led by FleetBoston Financial and CIT Lending
The investment is comprised of $105 million in senior secured debt committed by Fleet,
CIT, GE Capital Corporation, IBM Credit Corporation, and Bank of New York. The remainder
of the investment is $81 million in private equity led by cable entrepreneur Robert Fanch,
former Chairman of Fanch Communications.
NEW YORK — Media merchant bank Veronis Suhler has made a number of senior promotions in its private equity affiliate, VS&A Communications Partners. Christopher J. Russell, named Principal of VS&A Communications Partners III, LP, joined Veronis Suhler in 1995 and has been involved in all media segments in which Veronis Suhler