Spark buys CCL

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MikeB4

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#185827 7-Dec-2015 11:48

Spark has added CCL to their list of ownership for $50 Million

http://www.scoop.co.nz/stories/BU1512/S00231/spark-buys-south-island-it-service-firm-ccl-for-50-mln.htm

http://www.nbr.co.nz/article/spark-buys-south-island-it-service-firm-ccl-b-182640

lxsw20

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#1448579 11-Dec-2015 09:50

Most of the people I know at CCL are ex Gen-i anyway...they probably not so happy about this.

IIRC they used to be owned by the same people who owned Snap.

MikeB4

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#1448600 11-Dec-2015 10:08

From what I understand Darryl Swann remains at the helm and CCL is to remain more or less as it is now for the medium term.

Sounddude

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#1448602 11-Dec-2015 10:09

IIRC they used to be owned by the same people who owned Snap.

it was at one stage, but they went their separate ways many years ago. Well before the 2degress purchase of snap.

wasabi2k

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#1448667 11-Dec-2015 11:52

lxsw20: Most of the people I know at CCL are ex Gen-i anyway...they probably not so happy about this.

IIRC they used to be owned by the same people who owned Snap.

Pretty sure it was started and run by ex Gen-i people and they employed a number of ex Gen-i.

Probably a good profit in there for someone.

nathan

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#1448669 11-Dec-2015 11:57

great exit strategy for their owners in the South Island

Yabanize

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#1448684 11-Dec-2015 12:23

A great data center in Christchurch

pchs

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#1448691 11-Dec-2015 12:39

Sounddude:
IIRC they used to be owned by the same people who owned Snap.

it was at one stage, but they went their separate ways many years ago. Well before the 2degress purchase of snap.

Snap originally built the Datacentre at Durham Street - was marketed as the Co-Location Company 100% owned and run by Snap

CCL bought 46% of Snap (along with 2 other investors from Dunedin) and Mark Petrie who was there from pretty much day 1 in around 2015 and in 2011 Petrie bought out the other shareholders then sold to 2degrees in 2015 and became a 2degrees shareholder.

When the 2011 sale of Snap went through CCL bought the Datacentre