Kirkland & Ellis advised Bain Capital Credit on its acquisition of a majority stake in Surf Broadband Solutions (“Surf”), the premier fiber-based high-speed broadband provider in the Great Lakes region. As part of the transaction, Bain Capital Credit is committing significant growth capital to accelerate Surf’s fiber optic network expansion. Post Road Group, Surf’s current majority shareholder, will remain an investor alongside Bain Capital Credit and further capitalize the company’s growth plans. Financial terms of the private transaction were not disclosed.
The Kirkland team was led by special situations partner Ranesh Ramanathan, corporate partners Payson Lyman and Jenelle DeVits, and tax partner Polina Liberman.