hl advise gs on sale of integra telecom to searchlight capital partners
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MEDIA CONTACTS Scenna Tabesh, 503-913-1676, [email protected]
James McIntyre, 503-546-1016, [email protected]
Searchlight Capital Partners Acquires Equity Stake in Integra Telecom
Portland,Ore.–Oct.10,2012– IntegraTelecom Inc., a provider of fiber‐based,carrier‐grade networking, communications and technology solutions, todayannounced that investment funds affiliatedwith Searchlight Capital Partners, L.P.(collectively,“Searchlight”)haveacquiredasignificantequitystakeinthecompany.
“Integra’sdedicatedemployees,robustfibernetworkanddiverseproductsallowitto provide high quality communications services to its customers,” said EricZinterhofer,co‐founderofSearchlight.“WelookforwardtoworkingwithIntegra’sshareholders, boardmembers and its high calibermanagement team to continuebuildingonthisstrongfoundation.”
“We’re very pleased that Searchlight has made a strategic investment in IntegraTelecom,”saidKevinO’Hara,CEOofIntegra.“Integracontinuestofocusonbuildinglong‐term, high‐value relationships with our customers, employees and ourstakeholders, andwe are fortunate to attract an investor that shares these samecore principles. We have made significant progress in the past year instrengtheningour leadership team,enhancingour financialprofile, expandingourproduct portfolio and broadening our addressable market. This investmentrepresentsanotherpositivestepforwardforIntegra.”
Searchlight has agreed to acquire all of the equity interests in Integra held byGoldman, Sachs & Co., Integra’s largest shareholder. Searchlight is led by seniorpartners formerly with industry leading investment management firms andpossessingsignificantinvestmentexperienceinthecommunicationssector.IntegrarepresentsSearchlight’sthirdannouncedinvestment.
“Wewould like to thank Kevin and the rest of Integra’s executive team for theirdiligentworkandwish thecompanyand itsnewshareholderbase thebest in thefuture,” said Todd Foust,managing director at Goldman, Sachs & Co. and Integraboardmember.
Completion of the transaction is subject to satisfaction of customary closingconditionsandisexpectedtocloseinthefourthquarterof2012.
HoulihanLokeyservedasfinancialadvisortoGoldman,Sachs&Co.andSearchlightis being advised by Jefferies and Kirkland & Ellis LLP in connection with thetransaction.
AboutIntegraTelecom
Integra is one of the largest facilities‐based providers of communication andnetworkingservicesinthewesternUnitedStates.Weconnectbusinessesofallsizeswith advanced networking, communications and technology solutions in 35metropolitan markets. Integra owns and operates an enterprise‐class networkconsisting of a 5,000‐mile long‐haul fiber‐optic network, 3,000 miles ofmetropolitanfiberandanationwideIP/MPLSnetwork.Ourfibernetworkconnectsdirectly to more than 2,000 enterprise buildings and data centers. Through ourexpansiveEthernetfootprint,wecandeliverhigh‐bandwidthservicestomorethan400,000businesses.AtIntegra,weunderstandourcustomersneedreliable,secureand flexible solutions deliveredwith unmatched expertise and quality of service.Formoreinformation,visitwww.integratelecom.com.
AboutSearchlightCapitalPartners,L.P.
Searchlight Capital Partners, L.P. (“Searchlight”) is a private investment firmfounded in 2010 by senior partners formerly with industry leading investmentmanagement firms. Searchlight currentlymanages over $860million, invests in awiderangeofindustriesinNorthAmericaandEurope,andhasofficesinNewYork,LondonandToronto.Formoreinformation,visitwww.searchlightcap.com.
MediaContactsForSearchlight:RLMFinsburyStevenGoldberg([email protected])DavidMillar([email protected])+1646‐805‐2000