AMP Capital enters purchase agreement with Everstream investors
Everstream Solutions has announced its investors, M/C Partners, and limited partners, JP Morgan Asset Management and Morgan Stanley Alternative Investment Partners, have entered into a definitive agreement to sell the network service provider to AMP Capital.
The transaction, of which the terms were not disclosed, is expected to close in the second quarter of 2018 once necessary regulatory approvals are obtained.
President and chief executive officer of Everstream, Brett Lindsey, said the team was thankful to M/C for the opportunity to partner with them, but looked forward to joining forced with AMP Capital.
“With their support, Everstream looks forward to continued positive growth through acquisitions, greenfield network builds and organic growth in our existing markets,” said Lindsey.
Head of Americas infrastructure equity, AMP Capital, Dylan Foo, said Everstream would be their platform for the consolidation of telecom assets in North America.
“Communications infrastructure has become an essential service in the modern world, including Fiber, Wireless and Data Centers,” said Foo. “AMP Capital has a strong global pedigree in this target sector, and we are pleased to secure our first North American Fiber asset.”
AUTHOR
Anastasia Santoreneos
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
