Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
Oak Hill to Acquire Sovernet Communications
- Client News
- August 8, 2016
Sovernet Communications, a leading fiber optic bandwidth infrastructure services provider operating in Vermont, New York and southwest New Hampshire, announced that it has agreed to be acquired by Paul, Weiss client Oak Hill Capital Partners. Upon completion of the transaction and Oak Hill's other pending strategic acquisitions, including FirstLight Fiber and Oxford Networks, the combined companies will operate a total of approximately 9,500 route miles of high-capacity fiber optic network and eleven data centers across New England and New York. Terms of the transaction, expected to close by early 2017, were not disclosed.
The Paul, Weiss team included corporate partners Angelo Bonvino and counsel Lindsey Wiersma; employee benefits counsel Jason Ertel; intellectual property counsel Menachem Kaplan; environmental counsel William O'Brien; real estate partner Mitchell Berg; and tax partner David Sicular.