Pamplona Capital Invests $150M in Fiber Telecom Provider
Troutman Sanders was mentioned in the press – The Deal Pipeline, Law360, Digital Journal and others – on numerous occasions in August in articles about Lumos Networks Corp., a leading fiber-based service provider of data, voice and IP-based telecommunication services in the Mid-Atlantic region, announcing its entry into definitive agreements providing for an investment by affiliates of Pamplona Capital Management in the company that will form a strategic financial partnership between the parties. The company intends to pay down a portion of its existing senior bank debt and pursue potential growth opportunities to accelerate the company’s strategic transformation to a pure-play fiber bandwidth infrastructure company.
Richmond partners David Carter, Coby Beck, Mason Bayler and Dave Meyers, Atlanta partners Hazen Dempster and Jeff Banish, and New York partner Robert Friedman provided legal representation to Lumos Networks on the transaction.