The Private Equity team advised Single Digits on its agreement to be acquired by GI Partners, a leading private equity firm. Financial terms were not disclosed.
Single Digits represents the sixth platform investment in GI Partners Fund V, a $2.8 billion private equity fund raised in 2017. As part of the transaction, Bregal Sagemount, a leading growth equity firm, will exit its investment in Single Digits.
Single Digits, a former portfolio company of Bregal Sagemount, is a leading provider of High Speed Internet Access management and support solutions. The company's broadband authentication software platform allows property owners to tailor their wireless internet access to the specific needs of their guests and residents and is complemented by a full suite of service offerings, including upfront network design and installation, real-time network monitoring, and 24x7 call center support.
Bregal Sagemount is a growth-focused private capital firm with $1.7 billion in committed capital. Founded in 2012, the firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations.
The Goodwin team was led by partner Jared Spitalnick and included associates Isaac Vinyarsh, Jake Herman, Rajah Husain, and AJ Patel (Corporate); partner William Weiss, counsel Kyle Pine and associate Andrew Wilson (Tax); partner Kevin Grumberg (Debt); partner James Mattus and associate Morgan Frisoli (Benefits); partner Joel Lehrer (Intellectual Property); partner Paul Jin (Antitrust); counsel Nate Brodeur (Environmental); and counsel Christina Bouchot (Employment).
For additional details on the acquisition, please read the press release.