Sabre Industries has filed for a $143.75 million IPO on the NASDAQ under the ticker symbol SABR with BofA Merrill Lynch and Stifel Nicolaus & Company serving as co-lead underwriters. The company plans to use the proceeds from the offering to repay existing indebtedness. Sabre is majority-owned by Corinthian Capital Group, which acquired its interest in the manufacturer of communication towers through a $60 million LBO in 2006.
There are 43 buyout firms which have made multiple investments in U.S. companies in the Communications & Networking industry since the beginning of 2007, according to the PitchBook Platform. Most of those firms, 14, are located in the state of New York. Other hot spots include California and Massachusetts, which house 7 and 6 firms respectively. The most active firms in the industry are Platinum Equity with 7 deals, followed by Kohlberg Kravis Roberts, TA Associates, Silver Lake Partners, The Gores Group and MCG Capital with 4 deals a piece.