Report: ABRY Circles Grande Communications
ABRY Partners is in talks to acquire Grande Communications Inc., a San Marcos, Texas-based telecom provider, according to VetureWire. The report does not include a likely acquisition price, except to say that ABRY is trying to secure more than $125 million in debt financing through SunTrust Bank. Grande has raised over $340 million in VC funding since 2000, from firms like BancBoston Capital, Kinetic Ventures, Atlas Venture, Whitney & Co., Centennial Ventures, HarbourVest Partners, South Atlantic Venture Funds, PNC Equity, TD Capital, Trinity Ventures, Lightspeed Venture Partners, Austin Ventures, CIBC, GE Equity, Alta Communications, Convergent Investors, Opus Capital, Norwest Equity Partners and Prime New Ventures. www.grandecom.com
19 March 2009•1 min read
