PHOENIX--(BUSINESS WIRE)--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 and www.globalcapacity.com, respectively.
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 dynamics.
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.