Welsh, Carson, Anderson and Stowe sells Peak 10

Welsh, Carson, Anderson and Stowe said it has completed the sale of its portfolio company, Peak 10, Inc., for USD730m. WCAS generated sale proceeds of USD363m, which were distributed in June.

Peak 10 also completed a dividend recapitalization in October 2012, and WCAS received USD190m.

WCAS completed its acquisition of Peak 10 in October 2010. The company is a provider of hybrid IT infrastructure, cloud solutions and managed services to small and medium-sized enterprises, and currently operates 23 data centers in ten metropolitan markets across seven states within the southeastern US WCAS leveraged its expertise in the sector from a former investment in Savvis, Inc. both in sourcing and completing the Peak 10 investment.

Welsh, Carson, Anderson and Stowe focuses its investment activity in two target industries, information/business services and healthcare. Since its founding in 1979, the Firm has organized 15 limited partnerships with total capital of USD20bn. See www.welshcarson.com to learn more.

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