Bain Capital Credit’s Acquisition of Surf Broadband Solutions

Kirkland & Ellis advised Bain Capital Credit on the deal.

Bain Capital Credit completed its acquisition of a majority stake in Surf Broadband Solutions (“Surf”), the premier fiber-based high-speed broadband provider in the Great Lakes region. As part of the transaction, Bain Capital Credit is committing significant growth capital to accelerate Surf’s fiber optic network expansion. Post Road Group, Surf’s current majority shareholder, will remain an investor alongside Bain Capital Credit and further capitalize the company’s growth plans. Financial terms of the private transaction were not disclosed.

Founded in 1998 as a private, employee-owned firm, Bain Capital Credit has approximately $48 billion in assets under management. In addition to credit, Bain Capital invests across asset classes including private equity, public equity, real estate and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.

Kirkland & Ellis advised Bain Capital Credit with a team led by special situations partner Ranesh Ramanathan, corporate partners Payson Lyman and Jenelle DeVits, and tax partner Polina Liberman.

Involved fees earner: Jenelle DeVits – Kirkland & Ellis; Polina Liberman – Kirkland & Ellis; Payson Lyman – Kirkland & Ellis; Ranesh Ramanathan – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Bain Capital Credit;

Martina Bellini

Author: Martina Bellini