Deal Snapshot
ALEPH AND CRESTVIEW TO INVEST USD 175M IN GTT AS PART OF INTEROUTE ACQUISITION
Monday 26 March 2018

A group of investors, led by investment firms Aleph Capital Partners LLP and Crestview Partners, has committed to invest USD 175m in the common stock of US-based cloud networking provider GTT Communications, Inc. (NYSE: GTT) at the closing of the acquisition of Interoute by GTT, GTT said.
GTT's EUR 1.9bn acquisition of fibre network and cloud networking platform provider was previously announced on 26 February. Aleph and Crestview are significant shareholders of Interoute, and they will invest a portion of their proceeds from the sale of Interoute into the combined company.


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Details
Date Published: 26/03/2018
Target: Interoute
Country: USA
Deal Size: 2.3bn (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: GTT Communications
Buyer Advisor: Goodwin Procter
Comment:
Existing GTT Communications shareholders Aleph Capital Partners LLP and Crestview Partners to invest USD 175m in GTT Communications at closing.

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