Monday, July 23, 2012
Paul Hastings, a leading global law firm, announced today that the firm is representing Cequel Communications Holdings LLC, a cable-television and Internet-services provider which does business as Suddenlink Communications, in connection with its sale to BC Partners, CPP Investment Board and certain members of Suddenlink’s management team led by CEO Jerry Kent in a transaction valued at $6.6 billion. A group of equity investors, including Goldman Sachs, Oaktree Capital Management and Quadrangle, are selling their interests to the new investor group. The closing of the transaction is subject to regulatory approval and is expected in the fourth quarter of 2012.
Paul Hastings also represented Suddenlink’s management team in connection with the acquisition and Suddenlink in securing a debt financing commitment, which will be used to partially finance the acquisition and is being arranged by Credit Suisse.
M&A partner Barry Brooks, M&A partner Luke Iovine, Leveraged Finance partner Jeffrey Pellegrino and Bank Finance partner Rick Denhup led the Paul Hastings team, which also included associates Heather Davis, Hyunah Kang and Karen Contoudis Buzard.
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