Telecom, Media & Technology Services

Successfully investing across the industry landscape for nearly 40 years.

MDP has been a prominent investor in TMT Services since the early 1980s, having deployed over $5 billion of equity capital into more than 60 companies across the industry landscape, including a number of successful investments in wireless carriers, broadband service providers, media companies and software vendors. The TMT Services team seeks to leverage its long-standing experience and relationships in partnership with talented executives to pursue investment opportunities in mobile, cloud, IT, network and information services.

Decades of Experience

MDP’s 40 year track record of investing in the industry represents a distinctive experience set that positions the team to efficiently evaluate new investment opportunities and to be a valuable partner to its management teams.

Flexible Approach

The TMT Services team has consistently deployed a flexible approach to structuring its investments and is equally comfortable investing in majority control or significant minority positions, with the primary focus on investing behind high conviction theses and talented executives.

Emphasis on Collaboration

Reflecting the MDP culture, the TMT Services team works closely with management to progress through its due diligence process, arrange an appropriate capital structure and, most importantly, support management’s execution of key strategic initiatives.

Areas of Investment Focus

TMT Services investments tend to be more growth-oriented in nature and benefit from a combination of secular tailwinds, barriers to competitive entry, recurring revenues, attractive operating leverage, and identifiable prospects for business plan enhancement and extension.

Areas of focus include:

  • Cloud & IT services
  • Communication Infrastructure & Services
  • Information services & data analytics
  • Internet & digital media
  • Mobile
  • Network and security services

Sector Senior Team

Select Deals

Asurion Corporation
Wireless subscriber services
Sector: Telecom, Media & Technology Services
Deal Type: Buyout
Status: Current
CDW Corporation
Direct marketer of multi-branded information technology products and services
Sector: Consumer, Telecom, Media & Technology Services
Deal Type: Buyout
Status: Exited
Cinemark
Movie exhibition company
Sector: Consumer, Telecom, Media & Technology Services
Deal Type: Buyout
Status: Exited
Fastwyre Broadband
Rural Local Exchange Carrier (“RLEC”) and cable provider
Sector: Telecom, Media & Technology Services
Deal Type: Buyout
Status: Current
InMoment
Customer experience management software and analytics
Sector: Telecom, Media & Technology Services
Deal Type: Growth Equity
Status: Current
Intermedia
Cloud-based communications, collaboration, security and productivity software solutions
Sector: Telecom, Media & Technology Services
Deal Type: Buyout
Status: Current
Liquid Web
Provider of dedicated hosting and managed cloud services
Sector: Telecom, Media & Technology Services
Deal Type: Buyout
Status: Exited
MetroPCS
Provider of wireless voice and data services
Sector: Telecom, Media & Technology Services
Deal Type: Growth Equity
Status: Exited
Navisite
Specialized provider of managed IT services to mid-market enterprises
Sector: Telecom, Media & Technology Services
Deal Type: Growth Equity
Status: Current
Nextel Partners, Inc.
Wireless communications provider
Sector: Telecom, Media & Technology Services
Deal Type: Growth Equity
Status: Exited
NextG Networks
Provider of distributed antenna system
Sector: Telecom, Media & Technology Services
Deal Type: Growth Equity
Status: Exited
QuickPlay Media, Inc.
Wireless video services
Sector: Telecom, Media & Technology Services
Deal Type: Growth Equity
Status: Exited
Zilliant
Price optimization, price management and sales guidance software and analytics
Sector: Telecom, Media & Technology Services
Deal Type: Growth Equity
Status: Current

Industry Advisory Group

The above companies do not represent all of the investments in MDP’s complete portfolio and have been selected using objective, non-performance based criteria. You should not assume that the investments listed were, or will be, profitable. Please note that the members of the Advisory Roundtable are not employees, officers or affiliates of MDP.