Novacap sells Host.net to PE-backed 365 Data Centers

Canadian private equity firm Novacap has sold Broadband One LLC, which does business as Host.net, to 365 Data Centers, a U.S. provider of hybrid data centre solutions. No financial terms were disclosed. Based in Boca Raton, Florida, Host.net provides managed network infrastructure services. Novacap invested in the business in 2013 and acquired additional interest subsequently. 365 said the deal provides it with additional facilities, assets, and a significant enterprise customer base. Norwalk, Connecticut-based 365 was acquired earlier this year by Chirisa Holdings, Lumerity Capital and Longboat Advisors.

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