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Novacap Completes Acquisition of Horizon Telecom

New York – Paul Hastings LLP, a leading global law firm, announced today that it advised Novacap TMT, a leading Montreal-based  international private equity firm with approximately $2.3 billion of assets under management, in connection with the completion of its acquisition of Horizon Telcom, an Ohio-based Midwest region provider of fiber-optic bandwidth infrastructure services, and related equity co-investment by HarbourVest, RCP and Hamilton Lane as well as debt financing provided by a lending group led by Antares Capital.

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Horizon Telcom provides telecommunications services to Southern Ohio.

The Paul Hastings team was led by M&A/private equity partner Neil Torpey, and also included partners Maureen Sweeney who advised on finance, Sherrese Smith on FCC matters, Scott Flicker on CFIUS and Andrew Short on tax, and associate Joseph Eno and law clerk Bo-Shan Xiang.

Charlesmead Advisors served as exclusive financial advisor to Horizon in this transaction.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.