Blackstone’s Investment in Hotwire Communications

Weil, Gotshal & Manges LLP advised The Blackstone Group in the deal.

The Blackstone Group executed its investment in Hotwire Communications, a leading provider of fiber-to-the-home in the United States. Financial terms of the transaction were not disclosed.

Co-founded in 2000 by Michael Karp and CEO Kristin Johnson, Hotwire’s 100-percent fiber network helps deliver cutting-edge internet and telecommunication services to high-rise multi-dwelling units, gated communities, and homeowners’ associations across Florida, Georgia and the Carolinas. 

Blackstone is one of the world’s leading investment firms. Its $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

The Weil team that advised The Blackstone Group was led by Private Equity partners Christopher Machera (Picture) and Jenna McBain and included Private Equity associates Daniel Cohen, Thomas Forman, Theodora Tavridou, Spencer Shweky (Not Yet Admitted in New York) and Gracy Wang (Not Yet Admitted in New York). The team also included Banking & Finance partner Damian Ridealgh; Tax partner Noah Beck; Tax counsel Gary Silber; Tax associate Ted Little (Not Yet Admitted in New York); Executive Compensation & Benefits partners Amy Rubin and Amanda Rosenblum; Executive Compensation & Benefits associate Joshua Ehrhart (Not Yet Admitted in New York); Global Structured Finance & Derivatives Co-Head Frank Nocco; Structured Finance associate Matthew Nemeth; Technology & IP Transactions partner Jeffrey Osterman; Technology & IP Transactions counsel Caroline Geiger; Technology & IP Transactions/Privacy associates Robert Brown, Luis Gonzalez and Mirish Shah; Real Estate Co-Head Michael Bond; Real Estate counsel Robert Shmalo; Real Estate associates Shira Barron and Karen Luo (Not Yet Admitted in New York); Environmental Head Annemargaret Connolly; Environmental counsel Matthew Morton; Regulatory Transactions partner Shawn Cooley; Regulatory Transactions counsel John O’Loughlin and Timothy Welch; Regulatory Transactions associate Ariel Fliman; Antitrust counsel Michael Naughton; Antitrust associate Marie-Marie de Fays; Complex Commercial Litigation counsel Lauren Bernstein; Complex Commercial Litigation associate Elaina Aquila; Employment Litigation partner Nicholas Pappas; and Employment Litigation associate Nicole Jibrine (Not Yet Admitted in New York).

Involved fees earner: Elaina Aquila – Weil, Gotshal & Manges; Shira Barron – Weil, Gotshal & Manges; Noah Beck – Weil, Gotshal & Manges; Lauren Bernstein – Weil, Gotshal & Manges; Michael Bond – Weil, Gotshal & Manges; Robert Brown – Weil, Gotshal & Manges; Daniel Cohen – Weil, Gotshal & Manges; Annemargaret Connolly – Weil, Gotshal & Manges; Shawn Cooley – Weil, Gotshal & Manges; Marie-Marie de Fays – Weil, Gotshal & Manges; Joshua Ehrhart – Weil, Gotshal & Manges; Ariel Fliman – Weil, Gotshal & Manges; Thomas Forman – Weil, Gotshal & Manges; Caroline Geiger – Weil, Gotshal & Manges; Luis Gonzalez – Weil, Gotshal & Manges; Nicole Jibrine – Weil, Gotshal & Manges; Christopher Machera – Weil, Gotshal & Manges; Jenna McBain – Weil, Gotshal & Manges; Matthew Morton – Weil, Gotshal & Manges; Michael Naughton – Weil, Gotshal & Manges; Matthew Nemeth – Weil, Gotshal & Manges; Frank Nocco – Weil, Gotshal & Manges; John O’Loughlin – Weil, Gotshal & Manges; Jeffrey Osterman – Weil, Gotshal & Manges; Nicholas Pappas – Weil, Gotshal & Manges; Damian Ridealgh – Weil, Gotshal & Manges; Amanda Rosenblum – Weil, Gotshal & Manges; Amy Rubin – Weil, Gotshal & Manges; Mirish Shah – Weil, Gotshal & Manges; Robert Shmalo – Weil, Gotshal & Manges; Spencer Shweky – Weil, Gotshal & Manges; Gary Silber – Weil, Gotshal & Manges; Theodora Tavridou – Weil, Gotshal & Manges; Timothy Welch – Weil, Gotshal & Manges;

Law Firms: Weil, Gotshal & Manges;

Clients: Blackstone;

Author: Martina Bellini