Canadian private equity firm BC Partners has joined forces with the Canadian Pension Plan Investment Board and US cable industry veteran Jerry Kent to buy US-based Suddenlink Communications from Goldman Sachs Capital Partners, Quadrangle and Oaktree Capital Management, Reuters reports. The deal, which is worth around USD2.50 billion, includes a USD1.99 billion equity investment, along with incremental debt of USD500 million.
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OVETEL BC Partners, Canadian pension fund agree Suddenlink takeover
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