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New Deal


Announced

Completed

GI Partners completed the acquisition of a majority stake in LightEdge from Anschutz.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private Equity

Friendly

Acquisition

Data Centers and Hosting

Majority

hybrid cloud

Private

United States

Completed

Domestic

Synopsis

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GI Partners, a private investment firm, completed the acquisition of a majority stake in LightEdge, a provider of colocation, cloud and managed service solutions, from Anschutz, an American private holding company. Financial terms were not disclosed. "Over the last several years, LightEdge has emerged as a leading platform for colocation and cloud and managed services, particularly in the Midwest region. The Company has a proven model for delivering excellent service to enterprise customers in an increasingly complex hybrid-cloud world. We look forward to partnering with Jim and the LightEdge team to realize their vision for growth in the business," Mark Prybutok, GI Partners Managing Director.

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