Teachers’ Private Capital backs TierPoint's buy of PE-backed Xand

TierPoint LLC, a provider of cloud, colocation, and managed services, has agreed to acquire Xand, a portfolio company of U.S. private equity firm ABRY Partners, for an undisclosed amount. The deal, which will give the St. Louis, Missouri-based TierPoint additional data centre capacity, is being supported by the company's existing investors as well as a new investor, Teachers’ Private Capital, the private equity arm of Ontario Teachers’ Pension Plan. The acquisition is expected to close in November. Based in Hawthorne, New York, Xand was acquired by ABRY in October 2011.

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