On June 13, 2018, CentriLogic, a global provider of managed IT solutions, announced that it secured a significant equity investment from TriSpan Opportunities Fund and Long Point Capital. Financial terms of the investment were not disclosed.
CentriLogic intends to use the new investment to support its strategy of delivering end-to-end managed hosting, private network, and application management solutions to mid and large-sized enterprises globally.
New York based TriSpan is an independent global alternative investment manager established in 2015 with the backing of leading family groups from the US, Europe and the Middle East. TriSpan Opportunities Fund offers deal-by-deal co-investment opportunities on a formulaic basis.
With offices in New York and Michigan, Long Point Capital is currently investing from Long Point Capital Fund III with $240 million of capital in partnership with TriSpan.
Torkin Manes LLP represented CentriLogic Inc., its shareholders and affiliated entities in Canada with a team led by Matthew Tevlin and Adrian Myers and including Dania Mastrorillo, Nicholas Dempsey (corporate/M&A), Kay Leung (tax), Fay Sulley and Leslie McGowran (banking).
US counsel to CentriLogic included Richard Raymer, Joe Genereux and Maggie Carnahan of Dorsey & Whitney LLP. UK counsel included Daniel Rosenberg, David Hick, Roya Zohrabi, Daniel Sullivan, Christopher Forrest and Charlie Ring of Charles Russell Speechlys and Guernsey counsel included Andrew Munro, Jessica Barnes and Craig Cordle of Ogier.
Long Point Capital was represented in Canada by Daniel Lang, Jason Saltzman, LuAnne Morrow, Jospeh DiPonio, Todd Keeler, Stephanie Young, James Fu, Maciej Lipinkski and Kate Dearden of Borden Ladner Gervais LLP. US counsel included Anthony Norris, Ellen Wheeler, Anna Park, Rae Hui Shee, Dennis Genshenza, Matthew Judd of Ropes & Gray LLP.
HSBC Bank Canada was represented by Dennis Wiebe, Daniel Augustinovic and Annette Fournier of Dentons Canada LLP, Jonathan Beech and Catherine Astruc of Dentons UK LLP, Doug Wingo of Dentons US LLP and Laveen Ladharam and Matthew Macfarlane of Ogier.