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New Deal


Announced

Newlight Partners to invest in Sail Internet.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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internet provider

Pending

United States

Private Equity

Acquisition

Friendly

Internet

Domestic

Majority

Private

Single Bidder

Synopsis

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Newlight Partners, a private investment firm, agreed to invest in Sail Internet, a high-speed internet provider. Financial terms were not disclosed. "We started Sail Internet because we were fed up with the slow, unreliable, expensive broadband service offered by the large incumbents. This is the next step in Sail’s evolution as we seek to fulfill our mission to deliver quality, high-speed, next-gen internet designed to meet consumers’ and businesses’ needs today and into the future. We are thrilled to leverage Newlight’s sector expertise as we accelerate our expansion efforts and continue to execute on our strategic growth plans," Kevin Fisher, Sail CEO.

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