PE Firm, Pension Fund Put Up $6.6B In Suddenlink Buy

Law360, New York (July 19, 2012, 5:28 PM EDT) -- London private equity house BC Partners Ltd. has teamed up with the private investment arm of Canada's national retirement fund to purchase leading U.S. regional cable operator Suddenlink Communications in a deal valued at $6.6 billion, the target company announced Wednesday.

The buyers will make a nearly $2 billion equity investment in St. Louis-based Suddenlink and take almost $4.1 billion of net liabilities off the hands of the cable company's private equity owners, which include Goldman Sachs Capital Partners, the Quadrangle Group and Oaktree Capital Management...
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