Datapipe Secures $176 Million Equity & Credit Facility

May 12, 2011 by · Comments Off on Datapipe Secures $176 Million Equity & Credit Facility 

Webmaster ToolboxJersey City, N.J. – Datapipe, a leading provider of enterprise ready, mission-critical IT services, announced today that it has secured $176 million in combined equity and credit financing.  In conjunction with receiving a significant equity investment from ABRY Partners, Datapipe secured a new Senior Secured Credit Facility from a syndicate of lenders led by TD Securities as agent, joined by Brown Brothers Harriman, CapitalSource, Caterpillar Financial, CIT Group, GE Capital, ING and Raymond James Financial. DH Capital, LLC served as exclusive financial advisor to Datapipe for this transaction. The facility substantially increases Datapipe’s borrowing capacity and its ability to accelerate expansion plans.

“We are focused on enabling enterprises to outsource their mission-critical IT with confidence. This funding allows us to continue to grow and expand our services and solutions to meet our customers’ global needs,” said Robb Allen, CEO of Datapipe.  “Datapipe and our clients will benefit from the compelling combination of ABRY Partners’ deep expertise and the stability of TD Securities.” Read more