M/C Partners and JP Morgan Asset Management completed $50m investment in Everstream.

M/C Partners, a private equity firm, and J.P. Morgan Asset Management, a global investment manager, acompleted $50m investment in Everstream, a network service provider bringing fiber-based Ethernet, Internet and data center solutions. "This transaction is part of our long-term effort to invest in viable fiber service providers in underserved markets that have tremendous potential for growth. We see a very strong opportunity in this market, and through this investment and the restructuring of the company, we are confident Everstream will experience positive growth and expansion," Gillis Cashman, M/C Partners Managing Partner.