GI Partners Completes Acquisition of Peak 10

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Jun 18, 2014, 08:00 ET

SAN FRANCISCO and CHARLOTTE, N.C., June 18, 2014 /PRNewswire/ -- GI Partners ("GI"), a leading middle market private equity firm, and Peak 10, Inc. ("Peak 10"), an IT infrastructure and cloud provider, today announced that they have completed the previously announced acquisition of Peak 10 by GI Partners.

Founded in 2000, Peak 10 provides hybrid IT infrastructure services including data center services, private and enterprise cloud infrastructure, and managed services. Headquartered in Charlotte, N.C., the company operates 24 data centers in 10 key markets in the U.S., primarily serving mid-sized enterprises around the globe.

Credit Suisse and RBC Capital Markets acted as financial advisors, and Kirkland & Ellis served as legal counsel for Peak 10. Paul Hastings served as legal counsel for GI Partners. Financing for the transaction is being provided by affiliates of Credit Suisse, RBC Capital Markets, and Jefferies.

About Peak10
Peak 10 provides reliable, tailored cloud computing, data center and other information technology (IT) infrastructure solutions and managed services, primarily for mid-market businesses. Peak 10 solutions are designed to scale and adapt to customers' changing business needs, enabling them to increase agility, lower costs, improve performance and focus internal IT resources on their core competencies. Peak 10 holds the Cisco® Cloud Provider Certification with a Cisco Powered Cloud Infrastructure as a Service (IaaS) and Disaster Recovery as a Service (DRaaS) designation. Peak 10 undergoes annual examinations by third party auditors and helps companies meet the requirements of various regulatory and industry standards such as SOC 1, SOC 2, SOC 3, Safe Harbor, HIPAA, PCI DSS, FISMA and ITAR. For more information, visit www.peak10.com.

About GI Partners
Founded in 2001, GI Partners is a leading middle market private equity investment firm based in San Francisco, California. The firm currently manages over $10 billion of capital commitments through private equity and real estate separate account strategies for recognized institutional investors in North America, Europe, Australia, Asia, and the Middle East. GI Partners is active in a number of key sectors, including IT Infrastructure & Services, Healthcare Services, Retail & Leisure, and Financial & Real Estate Services. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.

Contacts:

Caroline Schimmelbusch
GI Partners Investor Relations
415-688-4800
[email protected]

Chris Tofalli
Chris Tofalli Public Relations
914-834-4334
[email protected]

Cameron Reed
Fleishman Hillard (for Peak 10)
919-334-3787
[email protected]

SOURCE GI Partners