M&A Deal Summary

Altice Europe Acquires Suddenlink

On December 21, 2015, Altice Europe acquired communications company Suddenlink from BC Partners and ATP Private Equity Partners

Acquisition Highlights
  • This is Altice Europe’s 6th transaction in the Communications sector.
  • This is Altice Europe’s 2nd transaction in the United States.
  • This is Altice Europe’s 1st transaction in Missouri.

M&A Deal Summary

Date 2015-12-21
Target Suddenlink
Sector Communications
Buyer(s) Altice Europe
Sellers(s) BC Partners
ATP Private Equity Partners
Deal Type Add-on Acquisition
Advisor(s) LionTree Advisors LLC (Financial)
Latham & Watkins (Legal)

Target

Suddenlink

St. Louis, Missouri, United States
website
Suddenlink is a major U.S. cable broadband provider, supporting the information, communication and entertainment demands of approximately 1.3 million customers in North Carolina, West Virginia, Missouri, Arkansas, Louisiana, Texas, Oklahoma and California. Suddenlink was formed in 2003 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Altice Europe

Woerden, Netherlands

website


Category Company
Founded 2001
Sector Communications
Revenue 14.8B EUR (2019)
DESCRIPTION

Altice Europe is a multinational cable and telecommunications company with a presence in France, Israel, Belgium & Luxembourg, Portugal, French West Indies/ Indian Ocean Area, and the Dominican Republic and Switzerland. Altice provides cable-based services (high-quality pay television, fast broadband Internet, and fixed line telephony) and, in certain countries, mobile telephony services to residential customers and corporate customers. Altice Europe was founded in 2001 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 7 of 8
Sector (Communications) 6 of 6
Type (Add-on Acquisition) 5 of 6
State (Missouri) 1 of 1
Country (United States) 2 of 3
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Altice

Long Island City, New York, United States

Altice is a telecommunications, media and entertainment company with a portfolio of operations that includes digital television, voice and high-speed Internet services, some of the country's most-watched national television networks, and valuable local media and programming properties. Altice was founded in 2015 and is based in Long Island City, New York.

Buy $17.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 ONI

Lisboa, Portugal

ONI is a provider of voice, data, and Internet services. ONI also possesses its own fiber-optic network that covers 35,000 kilometers in Portugal, as well as two licenses to supply FWA direct access. ONI was founded in 1998 and is based in Lisboa, Portugal.

Sell -

Seller(S) 2

SELLER

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.


DEAL STATS #
Overall 38 of 53
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 7 of 10
State (Missouri) 1 of 1
Country (United States) 5 of 9
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-12 Cigierre Compagnia Generale Ristorazione

Torreano di Martignacco (UD), Italy

Cigierre-Compagnia Generale Ristorazione S.p.A is a provider of causal dining segment. Its network of 130 directly owned or franchised restaurants.

Buy €300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-10 Allflex Europe

Roxburghshire, United Kingdom

Allflex Europe is a designer, producer and distributor of animal intelligence and monitoring technologies for livestock, pets, fish and other species. It designs, produces and distributes a variety of products such as radio‐frequency identification (RFID) and visual ear tags, tissue sampling devices, RFID implants, monitoring devices, milk meters, and other farm management equipment. Allflex Europe was founded in 1973 and is based in Roxburghshire, United Kingdom.

Sell -
SELLER
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 10 of 29
Sector (Communications) 2 of 3
Type (Add-on Acquisition) 5 of 10
State (Missouri) 1 of 1
Country (United States) 4 of 13
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Consilio

Washington, District of Columbia, United States

Consilio is an international eDiscovery and Document Review Service provider with extensive experience in litigation, antitrust, second requests, and internal and regulatory investigations. Consilio provides services in data collection, computer forensics, expert testimony, multilingual and onsite data processing, hosting, and document review. Consilio was founded in 2002 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-23 Spheros

Gilching, Germany

Spheros is engaged in the development and manufacture of air conditioning systems, heaters, coolant pumps, and other related hardware. Spheros offers tailored solutions for all passenger buses and coaches (both conventional and electric), as well as refrigerated transportation fleets. Spheros was founded in 1956 and is based in Gilching, Germany.

Sell -