Aleph and Crestview leads investor group to invest $175 mln in GTT
Summary
“Aleph and Crestview’s investment is a strong vote of confidence in our vision to create a disruptive market leader with substantial scale, unique network assets and award-winning product capabilities to fulfill our clients’ growing demand for cloud networking services in Europe, the U.S. and across the globe,” said Rick Calder, GTT president and CEO. “The strength of GTT and Interoute’s combined assets and capabilities creates a compelling opportunity to build a player with significant scale and international presence and drive further industry consolidation.” “We are highly confident in the ability of GTT’s management team to create long-term value from the combination of their existing business with Interoute, and to drive significant future growth,” added Brian Cassidy, head of media investing at Crestview. The company’s Tier 1 IP network, ranked in the top five worldwide, connects clients to any location in the world and any application in the cloud. Aleph works closely with management teams, shareholders and other stakeholders to support long-term enterprise value growth. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations and management.
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