PE Tech Report

Media & Telecoms

Thoma Bravo’s Qualtrics bid scuppered by antitrust concerns

Private equity giant Thoma Bravo’s plan to buy software company Qualtrics and merge it with rival company Medallia was thwarted by antitrust concerns, according to a report by the Financial Times. Qualtrics was ultimately sold to private equity firm Silver Lake and the Canada Pension Plan Investment Board in a

Lee Equity Partners and Twin Point Capital merge wireless distributors

Private equity firm Lee Equity Partners and investment firm Twin Point Capital have partnered with GetWireless to acquire TESSCO Technologies, a wireless infrastructure technology distributor, manufacturer, and solutions provider serving commercial companies, in a cash merger deal valued at around $161.4 million. Under the terms of the merger agreement between

KKR

CVC commits support for KKR’s acquisition of April Group

CVC Credit is supporting KKR’s acquisition of French insurance broker-distributor April Group with the commitment of senior credit facilities. CVC’s Private Equity business, through CVC Capital Partners Fund VII, acquired April – which is France’s second largest insurance broker-distributor with €1.5bn premiums in 2022 – in June 2019 from its

Mangata Networks raises USD33m in Series A round led by Playground Global

Mangata Networks (Mangata) has closed a USD33 million Series A round led by US-based venture capital firm Playground Global. Mangata is developing a network of HEO (highly elliptical orbit) & MEO (medium earth orbit) satellite constellations, combined with the power of a terrestrial system of MangataEdge™ micro data centers, extending

Hunter Street exits telecoms company TriStruX

Hunter Street Partners (Hunter Street), a Minneapolis-based alternative investment management firm, and Five Crowns Credit Partners (Five Crowns) announced today that they have sold their stakes in TriStruX, a provider of telecom infrastructure services to wireless carriers, cable companies, and OEMs, to a private equity firm.  TriStruX was founded as

TruArc Partners invests in Lamark Media

TruArc Partners, a private equity firm focused on the middle-market, is partnering with Lamark Media, a full-service integrated digital marketing company. The deal will provide Lamark Media with strategic support and significant capital resources to advance the company’s growth strategy, including increased investment in people, capabilities, and technology, as well

BluePoint makes platform investment in National OnDemand

Blue Point Capital Partners has made a platform investment in National OnDemand, a communication and utility infrastructure service provider to the US fibre, wireless, energy and technology sectors. Blue Point is the first institutional investor in National OnDemand, which, in the the four-plus years since its creation, has successfully completed

Basalt Infrastructure Partners makes GBP100m investment in Be Fibre

Basakt Infrastructure Parteners has invested GBP100 million in Be Fibre, an internet service provider on a mission to provide hypersonic broadband access to 1,000,000 premises, over the next six years. Be Fibre plans to reach 80 towns and cities by 2027, having already opened hubs in the Northwest of England

Sequoia Economic Infrastructure Income Fund makes GBP60m investment in Lightspeed Broadband

Sequoia Economic Infrastructure Income Fund (SEQI), the FTSE250 specialist economic infrastructure lender, has made a GBP60 million investment in LightSpeed Broadband, the Internet Service Provider.  The new investment will accelerate the construction of LightSpeed’s FTTP multi-gigabit broadband network to 25 towns across the East of England, with the company’s aim of

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