Xplornet Communications Inc., Canada’s largest rural broadband service provider, today announced the successful completion of a $158 million private financing transaction consisting of $148 million of new debt and equity and $10 million in refinanced debt. This additional funding from new and existing investors is an endorsement of Xplornet’s unwavering commitment to the continuing development of rural broadband in Canada.
MINDBODY, the largest global provider of online business management software to the beauty, health and wellness industry, today announced it has completed a $35 million investment round led by Institutional Venture Partners (IVP). The company’s existing investors, Catalyst Investors (Catalyst) and Bessemer Venture Partners (BVP) also participated in the latest investment.
WeddingWire, the nation’s leading technology company serving the $100 billion wedding and events industry, today announced a $25 million investment from Spectrum Equity, a leading private equity firm focused on the information economy. The capital will enable WeddingWire to expand its innovative product offerings for both consumers and local businesses.
Catalyst Investors’ Tyler Newton contributes to Fortune.com: Many institutional investors are convinced that the days of easy money are over in private equity. Managers need to distinguish themselves through their ability to add actual operating value to the underlying portfolio companies.
Xplornet Communications Inc. successfully completed a $125 million private financing. This additional funding, a combination of debt and equity raised from its existing investors, is an endorsement of Xplornet’s rural broadband strategy and the company’s strong execution.
Catalyst is a growth-equity shop in New York City that specializes in tech investments, including cloud computing, wireless networking, and digital media. Not only does Rich evaluate hundreds of companies a year, he’s also a regular on the speaking circuit–so knows how to talk shop in plain English. In other words, he was the perfect guy to ask the most basic questions of all: How do you find the right investor, and how do you convince them to invest in your business?
Catalyst Investors announced a follow-on investment in portfolio company InSite Wireless Group, LLC, owner, operator and manager of wireless communication tower site facilities and distributed antenna systems (DAS) across the United States, Puerto Rico, and the U.S. Virgin Islands. The new investment comes following an investment by Cox Enterprises, Inc.
Latisys, a leading national provider of IT outsourcing solutions from data center colocation to cloud, announced a new $155 million credit facility which comes on the heels of Forbes recognizing Latisys as #23 on the Top 100 list of America’s Most Promising Companies.
Startup to Expand Into Video, Social and Mobile Ad Buying
One of the largest Canadian telecom financing announcements this year, the funds will be used to support and aggressively expand Xplornet’s broadband network across Canada to the 2.4 million households that do not have access to real, affordable broadband. A start-up just 6 years ago, Xplornet is now one of Canada’s largest telecommunications companies.