Datapipe Inks $176M in Equity, Debt

Datapipe, a provider of enterprise IT services, said Tuesday that it closed on $176 million in equity and debt financing. The equity investment comes from ABRY Partners. The debt financing comes from a syndicate of lenders led by TD Securities as agent, joined by Brown Brothers Harriman, CapitalSource, Caterpillar Financial, CIT Group, GE Capital, ING and Raymond James Financial. Datapipe will use the new money for expansion. Datapipe is based in New Jersey.

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