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The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today’s Transactions:
BC Partners and CPPIB Wrap Up Suddenlink Deal

Cequel Communications sold the cable service for $6.6B

A consortium made up of BC Partners Ltd. and the Canada Pension Plan Investment Board (CPPIB) completed its acquisition of Cequel Communications LLC for $6.6 billion.

Cequel, which does business as Suddenlink Communications, agreed to a deal in July. The St. Louis, Mo.-based target provides cable services—television, Internet and phone—to more than 220,000 households and 9,500 businesses.

The price tag consists of nearly $2 billion in total equity invested by BC Partners, CPPIB, and certain members of Suddenlink management, plus incremental debt of $500 million and the assumption of more than $4 billion in liabilities.

LionTree Advisors, a division of EM Securities, and Goldman Sachs & Co. managed the sale process for Cequel, while Paul Hastings LLP and Seyfarth Shaw LLP handled legal matters. BC Partners and CPPIB hired Credit Suisse as financial adviser, along with law firms Latham & Watkins LLP and Wachtell Lipton Rosen & Katz LLP as legal advisors.

CPPIB was also separately advised by Torys LLP, a law firm with offices in New York, Toronto and Calgary, Alberta, Canada.

 

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