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TMCNet:  Pivotal Group Acquires Global Capacity

[January 24, 2011]

Pivotal Group Acquires Global Capacity

Jan 24, 2011 (Close-Up Media via COMTEX) -- Pivotal Group announced the acquisition of $65 million of Global Capacity's convertible debentures and debtor-in-possession financing.

Pivotal Group is now working with Global Capacity in finalizing its plan to emerge from bankruptcy in the most efficient time frame possible. Global Capacity is a telecommunications information and logistics company that enables customers to improve the efficiency and reduce the cost of their global networks through optimization and outsourcing. Global Capacity leverages a collection of global telecom supply and pricing data along with proprietary systems and processes to automate the network lifecycle and optimize network capacity and cost.

"We are truly excited for the opportunity to rationalize the capital structure of this unique enterprise platform," said Francis Najafi, CEO of Pivotal Group. "We believe that this acquisition will allow us to benefit from the explosion in demand for global fiber and content distribution. This is the first of many steps we aim to take to fulfill our strategic vision for Global Capacity." "The global telecommunications market remains highly inefficient and costly for enterprises to manage themselves," said Melker Sandberg, Managing Director in FTI Consulting's Communications, Media, and Entertainment practice. FTI Consulting supported Pivotal Group by providing vital market intelligence and diligence assistance as part of the transaction.

"Global Capacity is excited to be working with Pivotal Group to reposition the company. We look forward to partnering with Pivotal in finalizing the plan for the company's emergence from bankruptcy," noted Patrick Shutt, CEO of Global Capacity. "We are extremely fortunate to have strong, long-term relationships with our key customers and we look forward to serving them better than ever before." Pivotal Group is an investment company headquartered in Phoenix, Arizona, with primary concentration on private equity and real estate. Its focus is centered on the implementation of its business strategy in conjunction with an understanding of capital market dynamics.

Global Capacity is a telecom information and logistics company that leverages a collection of global telecom supply and pricing data to enable transparency and automation in the global access network market. The company provides network, software and optimization solutions that enable increased efficiency and reduced cost of access networks for integrators, telecommunications companies, and enterprise customers.

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