Tiger Infrastructure Invests in Crosslake
12.13.17
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Simpson Thacher represented Tiger Infrastructure Partners in connection with its investment in Crosslake Fibre. Crosslake was established to develop fibre-optic cable projects throughout North America, including a new submarine fibre-optic cable from Toronto, Canada to Buffalo, New York through Lake Ontario. The project, announced in May 2017, will be the first submarine cable system across Lake Ontario to directly connect Toronto and the United States. The targeted ready-for-service date for the cable system is September 2018.
Tiger Infrastructure is a middle-market private equity firm that invests in growing infrastructure platforms. Tiger Infrastructure targets investments in communications, energy, transportation and related sectors, primarily located in North America and Europe.
Crosslake was established to develop fibre-optic projects throughout North America. Crosslake's innovative approach to developing next-generation networks will bring new backbone routes to telecommunications carriers and web-centric customers, and last mile broadband to consumers.
The Simpson Thacher team included Benjamin Schaye (M&A); Jonathan Goldstein and Sarah Julian (Tax); Larry Moss (ECEB); and Glenn Sarno, Fan Wei and Samuel Francis (Funds).