Highwinds, a Winter Park, Fla.-based content delivery network (CDN) provider, closed a new $205m debt financing.
Backers included Cerberus Business Finance, LLC and Goldman Sachs BDC, Inc., an investment fund managed by Goldman Sachs Asset Management, L.P. General Catalyst Partners served as private equity sponsor. The transaction has resulted in the recapitalization of the business.
Highwinds will use the capital for growth through both organic and M&A investment opportunities, including further expansion of its global content delivery platform. The company’s organic growth plans include investment across all functional areas of the business, including sales, business development, product, marketing and operations.
Founded in 2002 and led by Steve Miller, founder and CEO, Highwinds operates a content delivery and cloud services portfolio that comprises dozens of data centers spanning five continents. The company owns the following brands:
– RollingThunder® Network,
– Highwinds® CDN,
– StrikeTracker® Content Management and Analytics Portal,
– Highwinds GDN™ (Game Delivery Network™),
– HCS™ (Highwinds Cloud Storage).
The company, which has offices in Phoenix, Amsterdam and Sao Paulo, Brazil, employs 149 employees.