Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
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.