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Kekst CNC and Stanton handle the $14.3B (cash/debt assumption) deal to acquire Zayo Group, the Boulder, CO-based fiber network company, by investment firms EQT Partners and Digital Colony Partners.
Bloomberg reported that Zayo chief Dan Caruso faced pressure from activist investors Starboard Value and Sachem Head Capital Management to bolster his company’s tumbling stock price.
Caruso lauded EQT and Digital Colony as “experienced global investors in the communications space” that appreciate Zayo’s fiber infrastructure assets, talented management team and strong customer base.
“I am confident this partnership with EQT and Digital Colony will empower Zayo to accelerate its growth and strengthen its industry leadership,” he said.
Zayo will become a privately held company once the deal is completed during the first-half of next year.
Kekst CNC’s Daniel Yunger, Cathryn Vaulman and Simone Leung represent EQT’s interest in the deal, while Stanton’s Alex Stanton and Charlyn Lusk handle Digital Colony.
Joele Frank, Wilkinson Brimmer Katcher represented Zayo in the transaction.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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