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12.14.2001
Great Hill Partners Closes New $460 FundBoston, Mass., December 14, 2001 - Great Hill Partners ("Great Hill") today announced the final closing of the Boston-based private equity firm's second investment fund, Great Hill Equity Partners II, L.P> ("GHEP II"). GHEP II received commitments totaling $460 million from new and existing limited partners, comprised of many of the country's most respected financial institutions, pension funds, investment manager and college endowments."We are gratified to receive the continued support of... view full story
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10.25.2001
Great Hill Partners Invests $23 Million in Focal CommunicationsLeading National Communications Provider Closes $430 Million Recapitalization; Fully Funds Business PlanBOSTON, October 25, 2001. Great Hill Partners today announced a $23 million investment in Focal Communications Corporation (NASDAQ: FCOM), a leading national communications provider of local phone and data services serving the enterprise market. The investment is part of a previously announced, comprehensive $430 million recapitalization, positioning Focal to fully fund its business plan.... view full story
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4.10.2001
'Last Mile' Broadband Networker Raises $275 MillionNEW YORK-A group of private equity investors finalized $275 million financing package for CityNet Telecommunications Inc., the broadband infrastructure start-up said on Tuesday. The deal was one of the largest private equity investments in a technology startup this year and marked yet another big bet by private investors in the hot optical fiber and broadband networking market. Tuesday's investment in 2-year-old CityNet provides the Silver Spring, Md.-based, privately-held company with $175... view full story
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3.16.2001
Horizon Telecom International Secures $92.5 Million for Broadband Build-Out in BrazilGE Capital, Spire, Join Great Hill Partners in Second Round of Funding BRAZIL (March 16, 2001) – Horizon Telecom International Inc., which provides the most advanced broadband network in Brazil, today announced it secured $92.5 million in second-round financing. Horizon, which was founded by CEO Chris Torto and Great Hill Partners in 1996, will use the funds to extend its network - which lays the foundation for 2-way interactive services - in the highly populated states of Sao Paulo and... view full story
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3.9.2001
Interelate Raises $45 Million In Equity Financing Led By Great Hill PartnersEDEN PRAIRIE, MN - Interelate, Inc., the leading provider of comprehensive customer intelligence solutions and Web-based marketing infrastructure, today announced its fourth round of funding in which it raised $45 million. Interelate plans to use these funds to expand its business and accelerate its path to profitability. Boston-based Great Hill Partners managed and led the round with additional investments from The Goldman Sachs Group, Inc. (NYSE: GS); Carlson Marketing Group; Dell... view full story