GTCR Completes Acquisition of Inteliquent
2017年2月10日 - 11:31PM
Inteliquent, Inc. (NASDAQ:IQNT), a premier communications enabler
providing network-based voice and messaging services to wireless,
cable, carrier and communication service providers, announced today
the successful completion of its acquisition by affiliates of GTCR
LLC, a leading private equity firm. Inteliquent is now a subsidiary
of Onvoy, LLC, a leader in the communications enablement segment
that is also owned by affiliates of GTCR. The two companies will
merge together under the Inteliquent brand. Under the terms of the
merger agreement, Inteliquent stockholders of record received
$23.00 in cash per share of Inteliquent common stock.
The transaction was announced on November 2, 2016 and was
approved by Inteliquent’s stockholders on January 17, 2017. As a
result of the completion of the transaction, trading in
Inteliquent’s common stock on the NASDAQ stock exchange will be
suspended effective Monday, February 13, 2017.
"By acquiring Inteliquent, GTCR continues to invest in
developing a communications enablement platform that builds on
Onvoy’s accomplishments,” said GTCR Managing Director Lawrence Fey.
"The merger of Inteliquent and Onvoy is transformational and
creates an entity that is well positioned for future growth.”
“We are very pleased to join the Inteliquent team,” said Fritz
Hendricks, Inteliquent’s CEO. “The combination of Inteliquent’s
carrier-grade nationwide network with the comprehensive suite of
Onvoy’s communication enablement services positions us well to meet
the evolving needs of the nation’s top carriers and communication
service providers.”
The new Inteliquent is equipped to provide customers with a
superior network experience through industry-leading voice quality,
a reliable and expansive network footprint, and advanced features –
all supported by a team of market experts. More than 70 percent of
Inteliquent’s traffic is managed on-net, and the network carries
more than 25 billion voice minutes and text messages per month.
Additionally, Inteliquent’s portals and APIs allow customers to
manage services whenever and wherever they are needed with
intuitive interfaces and rich features.
“By closing this strategic agreement, we are moving forward with
more resources and opportunities to support continued growth and
innovation,” said Surendra Saboo, Inteliquent’s President. “Our
customers will experience the quality and reliable services they
have come to count on, as well as more creative solutions,
self-service tools and the addition of enhanced API
capabilities.”
Perella Weinberg Partners acted as exclusive financial advisor
to Inteliquent with Kirkland & Ellis LLP serving as legal
counsel. Credit Suisse acted as exclusive financial advisor to GTCR
and Onvoy with Latham & Watkins LLP serving as legal
counsel.
About InteliquentInteliquent is a premier
communications enabler offering network-based voice and
messaging services to wireless, cable, carriers, and communication
service providers. Inteliquent’s comprehensive suite of services
include Inbound Voice, Outbound Voice, Toll Free, Neutral Tandem
and Messaging services. Inteliquent offers services in 192 markets
and reaches 7,400 rate centers carrying over 25 billion minutes of
traffic per month. For more information, please visit
www.inteliquent.com.
About GTCRFounded in 1980, GTCR is a leading
private equity firm focused on investing in growth companies in the
Financial Services & Technology, Healthcare, Technology, Media
& Telecommunications and Growth Business Services industries.
The Chicago-based firm pioneered The Leaders Strategy™ – finding
and partnering with management leaders in core domains to identify,
acquire and build market-leading companies through transformational
acquisitions and organic growth. Since its inception, GTCR has
invested more than $12 billion in over 200 companies. For more
information, please visit www.gtcr.com.
Contact Information
For GTCR:
Eileen Rochford
eileenr@theharbingergroup.com
For Inteliquent:
Marketing Director
Tabitha Long
tlong@inteliquent.com
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