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Tuesday Bytes: euNetworks, Avaya, GPX, VIRTUS

May 2, 2023

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Of interest this morning: a recapitalization, a re-emergence, and a couple data center expansion projects:

euNetworks has added a few new backers in a recapitalization led by its majority investors at Stonepeak. Under the terms of the deal, APG Asset Management and Investment Management Corporation of Ontario (IMCO) will invest alongside a Stonepeak managed vehicle. The deal comes, not coincidentally, as euNetworks closes its purchase of the dark fiber business of a Belgian utility company.

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