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
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
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.
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Denise D. Resnik