Court Square makes majority investment in Conterra Ultra Broadband

122

software binary code computerPrivate equity firm Court Square Capital Partners has bought a majority stake in infrastructure-based broadband services provider Conterra Ultra Broadband.

The firm acquired stakes previously held by Goldman Sachs, Duke Energy and GE Capital.

Conterra said the investment from Court Square will bolster the expansion of its broadband network operations in the US.

Conterra CEO Steve Leeolou said, “Court Square has significant experience financing and investing alongside management teams in high-growth companies within the communications infrastructure arena, which we expect will be brought to bear to help expand our market opportunities and enhance our current business momentum.”

Last month Court Square bought majority stake in software company AFS Technologies, which serves the consumer packaged goods sector.

Back in 2013 AltAssets reported that Court Square had secured more than $2.5bn for its third buyout vehicle.

Copyright © 2014 AltAssets