Liberty, PE Partners Pay $585M For Puerto Rican Cable Giant

Law360, New York (June 26, 2012, 9:58 PM EDT) -- International cable provider Liberty Global Inc. has partnered with Searchlight Capital Partners LP funds in a $585 million deal to purchase Puerto Rico's OneLink Communications from a pair of New York private equity firms, the parties announced Tuesday.

The acquisition gives Liberty and Searchlight control of the largest cable television, high-speed data and telephone service provider in Puerto Rico, according to sellers MidOcean Partners and Crestview Partners. As a result, Liberty — which already operates Liberty Cablevision of Puerto Rico LLC — is poised to become...
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