PEER 1 Acquisition Likely to Close at End of January
PEER 1 Network Enterprises, Inc., a portfolio company of Canadian private equity firm Clairvest Group, agreed in late December 2012 to be acquired by Cogeco Cable Inc. for C$526 million. The expiry date of the pending transaction is January 29. The Vancouver, British Columbia-based PEER 1, an internet infrastructure provider which specializes in managed hosting, dedicated servers, cloud services and colocation, secured a C$25.1 million investment from Clairvest in 2009, reflecting 17.2% of the company's equity.
11 January 2013•6 mins read
