NEW YORK-Greenhill Capital Partners L.L.C. completed a $10.2 million investment in Berliner Communications Inc., a privately held end-to-end provider of network planning, deployment and maintenance services for wireless communications networks.
The investment was in the form of convertible preferred securities and common shares, and will comprise approximately 20 percent of the fully diluted equity of Berliner. Robert Niehaus and Jeffrey Williams of Greenhill will join Berliner Communications’ board of directors.
“Berliner Communications has all the attributes that we seek in our investments,” said Niehaus, chairman of Greenhill Capital. “It has a first-class management team, operates in a large and rapidly expanding, technologically advanced market, and has reached a strategic inflection point in terms of its growth. We believe that Berliner Communications has an exciting future as the demand for wireless communications accelerates, and providers of cellular, PCS and wireless data networks turn to companies such as Berliner Communications to assist them in supplying their required infrastructure.”
