Apollo’s $200 Million Investment in FirstDigital Telecom

Simpson Thacher advised Apollo Global Management, Inc on the deal.

FirstDigital Telecom (“FirstDigital”), a leading fiber-based carrier in the western United States, has received a $200 million equity investment from Apollo Global Management, Inc. (“Apollo”).

Apollo’s investment will support FirstDigital’s growth strategy, inclusive of its recent acquisition of Veracity Networks LLC, a transaction that will position FirstDigital as the largest fiber operator in Utah. In addition, the investment will provide FirstDigital with liquidity to fund its longer-term growth plans.

FirstDigital is a leading fiber-based carrier in the Western United States providing a full suite of business services including Local Voice, Long Distance, Internet, VOIP, CO-Location, Managed Services and Fiber-to-the-Tower/Premise. Since 2000, FirstDigital has built, operated and maintained fiber networks for enterprises, government, health care, education and financial institutions. FirstDigital’s customer-centric model gives clients overall economic value, an industry-leading quality of service experience and increased business productivity.

The Simpson Thacher team includes Brian Chisling (Picture), Shamus Crosby, Jacqui Bogucki, Justin Lim, Hunter Hampton, Hadley Nagel and Ricky Legg (M&A); Matthew Einbinder, Daniel Biller, Noah DeBlasi and Patrick Wolff (Banking & Credit); Nancy Mehlman, Joseph Tootle and Lina Pan (Tax); and Allison Sweeney (ECEB).

Involved fees earner: Daniel Biller – Simpson Thacher & Bartlett; Brian Chisling – Simpson Thacher & Bartlett; Shamus Crosby – Simpson Thacher & Bartlett; Noah DeBlasi – Simpson Thacher & Bartlett; Matthew Einbinder – Simpson Thacher & Bartlett; Hunter Hampton – Simpson Thacher & Bartlett; Jacqui Bogucki – Simpson Thacher & Bartlett; Ricky Legg – Simpson Thacher & Bartlett; Justin Lim – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Hadley Nagel – Simpson Thacher & Bartlett; Lina Pan – Simpson Thacher & Bartlett; Allison Sweeney – Simpson Thacher & Bartlett; Joseph Tootle – Simpson Thacher & Bartlett; Patrick Wolff – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Apollo Global Management;

Author: Martina Bellini