Paul Hastings Advises Cequel in $6.6 Billion Transaction
New York, NY (July 20, 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.
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