19/01/2011 15:00:00

Pivotal Group Announces the Acquisition of Global Capacity

Pivotal Group today announced the acquisition of $65 million of Global

Capacity’s convertible debentures and debtor-in-possession financing.

Pivotal Group is now working with Global Capacity in finalizing its plan

to emerge from bankruptcy in the most efficient time frame possible.

Global Capacity is a telecommunications information and logistics

company that enables customers to improve the efficiency and reduce the

cost of their global networks through optimization and outsourcing.

Global Capacity leverages a unique collection of global telecom supply

and pricing data along with proprietary systems and processes to

automate the network lifecycle and optimize network capacity and cost.

Francis Najafi, CEO of Pivotal Group, stated, “We are truly excited for

the opportunity to rationalize the capital structure of this unique

enterprise platform. We believe that this acquisition will allow us to

benefit from the explosion in demand for global fiber and content

distribution. This is the first of many steps we aim to take to fulfill

our strategic vision for Global Capacity.”

Jerry Pence, Managing Director of Pivotal Group’s private equity

division offered his views, “It is exciting for us to acquire Global

Capacity and continue building our private equity portfolio at the

Pivotal Group. Global Capacity fits squarely within our mandate to buy

globally oriented companies with significant strategic potential.”

“The global telecommunications market remains highly inefficient and

costly for enterprises to manage themselves. Global Capacity’s design,

pricing, provisioning, and managing of off-net extension services are

unique in the market, enabling lower cost, highly efficient network

access solutions for both global telecommunications companies and

Fortune 1000 enterprises,” says Melker Sandberg, Managing Director in

FTI Consulting’s Communications, Media, and Entertainment practice. FTI

Consulting supported Pivotal Group by providing vital market

intelligence and diligence assistance as part of the transaction.

Patrick Shutt, CEO of Global Capacity added, “Global Capacity is excited

to be working with Pivotal Group to reposition the company. We look

forward to partnering with Pivotal in finalizing the plan for the

company’s emergence from bankruptcy. We are extremely fortunate to have

strong, long-term relationships with our key customers and we look

forward to serving them better than ever before.”

For more information on Pivotal Group or Global Capacity please visit www.pivotalgroup.com

and www.globalcapacity.com,

respectively.

About Pivotal Group

Pivotal Group is a leading investment company headquartered in Phoenix,

Arizona, with primary concentration on private equity and real estate.

Its focus is centered on the implementation of its business strategy in

conjunction with a comprehensive understanding of capital market

dynamics.

About Global Capacity

Global Capacity is headquartered in Chicago, Illinois, with offices and

operational centers in the United States and European Union. Global

Capacity is a telecom information and logistics company that leverages a

unique collection of global telecom supply and pricing data to enable

transparency and automation in the global access network market. The

Company provides network, software and optimization solutions that

enable increased efficiency and reduced cost of access networks for

integrators, telecommunications companies, and enterprise customers.

Denise Resnik & Associates

Denise D. Resnik

Nick

Quan

602-956-8834 Office

602-373-2400 Cell

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
18 Sep
FING-B
Goodwrench, sikke en omgang vrøvl.   Det er ikke kun hyklerisk, men også dybt patetisk, når du komme..
36
21 Sep
BAVA
Nogle gange...bare nogle gange ville jeg godt nok vaere glad og taknemmelig hvis vi ikke evig og alt..
25
19 Sep
PNDORA
Her er min model ;)      
23
21 Sep
I:SP500
Hej   Der er lige nu kommet nye tal fra Conference Board omkring de ledende indikatorer. Vores konju..
21
24 Sep
 
De fleste danskere, svenskere og tyskere er ikke racister. Men at se sit land blive invaderet af mus..
17
20 Sep
SAS-DKK
Norwegian har gjort det flot, og konkurrence kan være godt det "kan" højne kvaliteten i nogen tilfæl..
17
18 Sep
FING-B
Goodwrench, har du da hørt en loppe gø. Det er dybt imponerende, hvordan du igen og igen udstiller d..
16
20 Sep
PNDORA
Donlupo - Fik du skrevet fra den forkerte profil?
15
23 Sep
OMXC25
Kun 3,4 på Richerskalaen. Det er nok bare Fedekim, der har vendt sig i sengen.
14
23 Sep
 
Jeg har nedskrevet min strategi efter, at jeg er blevet træt af dumme indkøb med for magt EI skramme..
13

Alliance Trust PLC : Net Asset Value(s)

25/09/2017 13:10:52
ALLIANCE TRUST PLC                                    At the close of business on Friday 22 September 2017: The Company's NAV per ordinary share, valued on a bid price basis with Debt at Par, was -       excluding income, 748.1p -       including income, 756.0p  The Company's NAV per ordinary share, valued on a bid price basis with Debt at Fair Value, was -       excluding in..

Form 8.5 (EPT/RI) - Booker Group plc

25/09/2017 08:07:28
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY 1.         KEY INFORMATION (a) Name of exempt principal trader:   Investec Bank plc   (b) Name of offeror/offeree in relation to whose relevant se..

Alliance Trust PLC : Transaction in Own Shares

25/09/2017 07:39:49
25 September 2017  Alliance Trust PLC TRANSACTION IN OWN SHARES  The Board of Alliance Trust PLC ("the Company") announces that on 22 September 2017 the Company purchased for cancellation 54,330 ordinary shares of 2.5p each at a price of 704.6964p per share.  Therefore, the total number of voting rights in the Company is now 349,635,321.    The above figure (349,635,321) may be used by sh..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Gigya, the Market Leader in Customer Identity and Access Management, to be Acquired by SAP
2
iLOOKABOUT Launches New Mobile Appraiser Product at IAAO Conference
3
Aerojet Rocketdyne Supports ULA Launch of Classified Satellite for the U.S. Government
4
OCEANTEAM ASA - Dutch Jos van Dijk appointed Group Chief Financial Officer (CFO)
5
Thinfilm Launches NFC Scanner App for iPhones as Apple Extends NFC Functionality Beyond Payments with Release of iOS 11

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
25 September 2017 14:30:11
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170921.1 - EUROWEB3 - 2017-09-25 15:30:11 - 2017-09-25 14:30:11 - 1000 - Website: OKAY