Fibertech to get debt facilities for buyout by Court Square Capital

By Sara Rosenberg

New York, Aug. 26 - Fibertech Networks plans on getting new debt facilities to help fund its acquisition by Court Square Capital Partners from Nautic Partners and Ridgemont Equity Partners, according to a news release.

Other funding for the transaction will come from equity contributed by investment funds managed by Court Square, as well as investments by the senior management of Fibertech.

Closing is expected later this year, subject to customary conditions, including all required regulatory approvals.

Fibertech is a Rochester, N.Y.-based provider of fiber optic bandwidth services.

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