Tuesday, April 20, 2010
ViaWest Acquired By Oak Hill Capital
Denver-based ViaWest, a provider of colocation and managed data center services, has been acquired by private equity firm Oak Hill Capital, according to the company. ViaWest, which is already owned by private equity firms Trinity Equity Investors, Goldman Sachs & Co., and Quilvest. The firm said the acquisition comes in a partnership with its existing management team, led by Chairman and CEO Roy Dimoff. Financial terms of the buy were not disclosed. ViaWest operates data centers in five states, providing colocation and managed services to mid-size and enterprise businesses; the firm says is is the largest, privately-held data center operator in the industry. ViaWest said that senior debt financing in the deal is coming from the Royal Bank of Canada, mezzanine financing from Barclays Structured Principal Investing Fund and Solar Capital Ltd. RBC Daniels and Cowen and Company advised ViaWest, with Winston & Strawn LLP serving as counsel to ViaWest shareholders; Hogan & Hartson LLP was legal counsel for ViaWest. Paul, Weiss, Rifkind, Wharton & Garrison LLP advised Oak Hill Capital.