Basalt fund (Basalt IV) has agreed to acquire Fatbeam Holdings, LLC (Fatbeam) from a fund managed by SDC Capital Partners, LLC and other investors. 

Fatbeam is a broadband service provider of fiber-based network solutions to education, commercial, carrier, and government customers. The transaction is Basalt’s 2nd digital infrastructure investment in North America and represents the 1st investment by Basalt IV. TD Securities served as the exclusive financial advisor and Latham & Watkins LLP served as the legal advisor to Basalt IV. Bank Street Group LLC served as the exclusive financial advisor and Wilmer Cutler Pickering Hale and Dorr LLP served as the legal advisor to Fatbeam.

The Transaction is conditional on obtaining customary regulatory approvals and is expected to be completed in Q2 2023.