Baker Botts Represents Novacap and its Portfolio Company Stratus Networks, Inc., in Acquisition of Assets of Illinois Fiber Resources Group and Illinois Fiber Ventures, Inc. (collectively, “iFiber”)
Release
Deal description: Stratus Networks, Inc., a portfolio company of Novacap and the premier provider of business communications solutions in the Midwest, has acquired substantially all of the assets and business of iFiber. Over the past 15 years, iFiber has established and grown a high-quality fiber network and become a respected leader in delivering high-speed fiber optic services to communities across northwest Illinois, enabling economic development and bridging the digital divide. This strategic acquisition underscores Stratus Networks' dedication to expanding its fiber footprint and providing cutting-edge services to businesses of all sizes.
Baker Botts LLP advised Novacap, a leading Montreal-based private equity firm, and its portfolio company Stratus Networks in the acquisition. Founded in 1981, Novacap has offices in Montreal, Toronto and New York, and manages over $8BB in committed capital across a variety of sectors including Digital Infrastructure, TMT, Industries and Financial Services. Novacap has invested in more than 100 platform companies and completed more than 150 add-on acquisitions.
For more than 20 years, Stratus Networks has been serving businesses of all sizes by building and operating superior fiber optic networks. Specializing in internet, data, voice, and cloud solutions, Stratus’ technology platform and service model ensures the right technology solutions matched with a top-notch customer experience.
Baker Botts Lawyers/Offices Involved:
Corporate: Neil Torpey (Partner, New York/Austin), Jenna Kabrich (Associate, Austin), Amy Jiang (Associate, Austin)
Finance: Clint Culpepper (Partner, Austin), Dela Peimani (Senior Associate, Austin), Morgan Copher (Associate, Austin)
Baker Botts LLP advised Novacap, a leading Montreal-based private equity firm, and its portfolio company Stratus Networks in the acquisition. Founded in 1981, Novacap has offices in Montreal, Toronto and New York, and manages over $8BB in committed capital across a variety of sectors including Digital Infrastructure, TMT, Industries and Financial Services. Novacap has invested in more than 100 platform companies and completed more than 150 add-on acquisitions.
For more than 20 years, Stratus Networks has been serving businesses of all sizes by building and operating superior fiber optic networks. Specializing in internet, data, voice, and cloud solutions, Stratus’ technology platform and service model ensures the right technology solutions matched with a top-notch customer experience.
Baker Botts Lawyers/Offices Involved:
Corporate: Neil Torpey (Partner, New York/Austin), Jenna Kabrich (Associate, Austin), Amy Jiang (Associate, Austin)
Finance: Clint Culpepper (Partner, Austin), Dela Peimani (Senior Associate, Austin), Morgan Copher (Associate, Austin)
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