Capstone Partners Advises Veroxity on its Recapitalization with Banc of America Capital Investors

Capstone Partners, a leading national investment banking firm, announced that it has successfully advised Veroxity Technology Partners BT (Veroxity) on its recapitalization with Banc of America Capital Investors (BACI), through the creation of Veroxity Holdings, Inc.

Veroxity, a leading provider of critical optical data networks, selected private equity firm Banc of America Capital Investors to invest equity capital in Veroxity to further expand the company’s operations domestically and internationally.  Capstone served as the exclusive investment banking advisor to Veroxity.

BACI brings a tremendous amount of industry knowledge and experience to the table and, by partnering with them, we will be positioned to continue building a global company that provides outstanding service, reach, and reliability to our customers.

Sebastien F. TranCEO, Veroxity

Tim Harned, head of Capstone’s Technology and Media practice, commented “With over 34,000 miles of network and hundreds of on-net buildings globally, Veroxity is the provider of choice for enterprise-class customers.  With the backing of Bank of America’s private equity group, the Company is well positioned to advance its leading competitive position in the enterprise data connectivity market.”

“We are pleased that Banc of America Capital Investors shares our vision of continuing to expand our customer base and network here and abroad,” said Matthew Roth, President and Chief Network Architect of Veroxity. “This investment enables us to continue our strategic expansion while capitalizing on the tremendous opportunity in the marketplace.”

Veroxity Holdings, Inc., the newly formed entity comprised of Veroxity Technology Partners and CCG Communications, Inc., is a privately-held company delivering fiber diverse mission-critical optical networks for enterprise-class customers. The company’s owned and operated world-wide network backbone provides high availability optical connectivity for data center, storage applications, business continuity and mission critical data delivery globally.  Veroxity is the provider of choice for businesses that require absolutely no interruption in their data communications.  Founded in 1999, Veroxity is headquartered in Bedford, MA.

Banc of America Capital Investors is the private equity group that manages over $2 billion of capital for Bank of America. Its team has more than a decade of success in providing equity or equity-linked capital for growth financings, buyouts, acquisitions, and recapitalizations. Since its founding in 1993, BACI has invested $2.5 billion in more than 125 transactions, and is investing from its fifth fund totaling $1.0 billion from Bank of America, its sole limited partner.