American Internet Services (AIS), San Diego's largest data center operator and Southern California's fastest-growing colocation company, announced today that it has acquired Complex Drive, a well-established San Diego data center provider known for its advanced technology, expertise, and excellent support for the past 10 years. By combining the collective technology, networking capacity and expertise of both companies, AIS and Complex Drive will deliver the widest range of carrier-neutral data center solutions to support their customers' ever growing and changing business needs.Read more
San Diego, CA October 3, 2008: American Internet Services, Inc. (AIS), the largest provider of data center co-location services in San Diego, announced today the completion of its acquisition by an investor group led by Seaport Capital, a private equity firm focused on the media, communications, and information and business services sectors. The other members of the investor group include Viridian Investment Partners and DuPont Capital Management.
HAMMOND, LA - (May 19, 2008) - Worley Catastrophe Response, LLC announced today the completion of an investment by an investor group led by Seaport Capital, a private equity firm focused on the communications, information and business services, and the media sectors.Read more
Peak 10, the leading independent data center operator and managed services provider, today announced it has amended and expanded its credit facility. RBC Capital Markets was the Lead Arranger and Sole Book Runner for the bank syndicate. GE Capital Corporation was the syndication agent and CIT participated in the bank syndicate as the documentation agent. The majority of the $60 million credit facility will be used for capital expenditures to fuel the company's organic growth and for general corporate purposes. Royal Bank of Canada will act as Administrative Agent for the Lenders.
Switch and Data (NASDAQ: SDXC), a leading provider of Internet exchange and colocation services, today announced that the company has obtained $157.5 million in debt financing from a syndicate of banks led by RBC Capital Markets and GE Corporate Lending. Royal Bank of Canada will act as Administrative Agent for the debt financing. The financing fully funds Switch and Data's previously announced capacity expansion program.Read more
Seaport Capital has completed the sale of Virgo Publishing to Arlington Capital Partners for an undisclosed amount. This sale resulted in Seaport generating 3.7 times its investment and a 49% IRR. Virgo, acquired by Seaport Capital in November 2004, increased annual EBITDA approximately 70% during Seaport's ownership.Read more