OREANDA-NEWS. GE Capital’s Telecom, Media and Technology (TMT) financing business today announced it completed more than 30 transactions totaling USD 2.7 billion in financing during the first half of 2013. The TMT business addresses the financial needs of customers in key growth sectors, including cable, data centers, towers, metro fiber, TV, radio, digital media and software, among others.

 “GE Capital has a long history with and strong relationships across the telecom, media and technology markets,” said Pete Foley, senior managing director of GE Capital’s Telecom, Media and Technology team. “This depth of coverage allowed us to deliver a strong first half, providing financial and intellectual capital to help our customers meet their business goals.”

Roadnet Technologies

 GE Capital served as admin agent on a USD 65MM credit facility for Roadnet Technologies, a portfolio company of Thoma Bravo, in the second quarter of 2013. GE Capital Markets served as joint lead arranger and sole bookrunner on the transaction. Roadnet Technologies is a global provider of integrated Transportation Management Systems. The company’s products enable organizations to reduce transportation expenses and enhance customer service.

 “GE’s renewed focus on technology and experience in the space positioned them as a good choice to lead this transaction,” said Holden Spaht of Thoma Bravo. “They were able to structure a deal that met our goals and held a meaningful portion of the facility. We were pleased to be able to work with a lender that knows the industry, understands our company and has the private equity experience.”

Tech Valley Communications

 In July, GE Capital was sole lead arranger on a USD 45MM credit facility for Tech Valley Communications (TVC). a portfolio company of Riverside Partners. Headquartered in Albany, NY, TVC provides fiber optic data, voice, and high-speed internet services to enterprise, carrier and wholesale customers in Upstate New York and Northern New England.

 “The new credit facility helped us fund the recent acquisition of the TelJet Longhaul fiber network in Vermont as well as accelerate our expansion plans,” stated Kevin O’Connor, chief executive officer and co-founder of Tech Valley Communications. “It was great to have GE work with us on this financing as they are knowledgeable in our sector and have a close working relationship with Riverside Partners.”