Dexter + Chaney snags funds from Pamlico

Pamlico Capital has made an undisclosed investment in Dexter + Chaney. Greene Holcomb Fisher was the financial advisor on the transaction. Based in Seattle, Dexter + Chaney is a provider of financial and operational management solutions for construction contractors.


Pamlico Capital promotes Christhilf and Wilkins

Pamlico Capital said Friday it has named Stuart M. Christhilf, IV and Eric J. Wilkins as Partners of the firm. Both are being promoted to Partner from the role of Principal, effective today. Charlotte, NC-based Pamlico makes control-oriented growth equity investments.


Pamlico and Primus sell Three Eagles to Digity for $66.5 mln

Digity Media has acquired Three Eagles Communications from Pamlico Capital and Primus Capital for $66.5 million. CEA Capital Advisors served as financial advisor to Three Eagles. Three Eagles is a radio broadcasting firm that owns and operates stations in Nebraska, Iowa, Minnesota and South Dakota.


PE-backed Clarity Telecom completes buy of WOW!’s broadband assets in South Dakota, Minnesota and Iowa

Clarity Telecom, which is backed by Pamlico Capital, has closed its buy of WOW!’s broadband assets in South Dakota, Minnesota and Iowa. No financial terms were disclosed although earlier news reports pegged the amount for approximately $262 million in cash. GE Capital and SunTrust Robinson Humphrey helped fund the transaction. 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.


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 […]

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