M&A Deal Summary |
|
|---|---|
| Date | 2012-07-18 |
| Target | Atlantic Broadband Group |
| Sector | Communications |
| Buyer(s) | Cogeco Communications |
| Sellers(s) |
Oak Hill Capital
ABRY Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.4B USD |
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| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Communications |
| Employees | 3,740 |
| Revenue | 2.9B CAD (2022) |
Cogeco Communications is a telecommunications corporation and is the second largest hybrid fibre coaxial cable system operator in Ontario and Québec. Cogeco Communications was incorporated in 1972 and is based in Montreal, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Communications) | 3 of 4 |
| Type (Add-on Acquisition) | 5 of 7 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2012) | 1 of 2 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-03-01 |
Novo
Lisboa, Portugal Novo is an operator of a telecommunications corporation with more than 900,000 homes passed and around 200,000 subscribers. It offers pay-TV, internet, and fixed telephony services to consumers. Novo was founded in 1993 and is based in Lisboa, Portugal. |
Sell | €45M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-21 |
Cogeco Peer 1
Toronto, Ontario, Canada Cogeco Peer 1, Inc. is a provider of outsourced Internet infrastructure in the form of colocation and related managed services to enterprise customers in the US, and to a lesser extent, in Canada. |
Buy | CA$635M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 9.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 55 |
| Sector (Communications) | 3 of 6 |
| Type (Add-on Acquisition) | 11 of 23 |
| State (Massachusetts) | 1 of 2 |
| Country (United States) | 19 of 46 |
| Year (2012) | 3 of 5 |
| Size (of disclosed) | 6 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-06-01 |
Wave Broadband
Kirkland, Washington, United States Wave Broadband LLC is a provider of industry major high-speed internet, all-digital TV and phone services for residential, small/medium and Enterprise business customers. PC Magazine’s Readers’ Choice Award named RCN one of the winners for best ISPs in 2013, 2015 and 2016 – RCN was rated highest in overall satisfaction. RCN is YouTube HD Verified, earning the company the highest-ranking that Google offers. RCN is also a Netflix Open Connect partner, placing in the Top rankings on the Netflix USA ISP Speed Index in the markets RCN serves. RCN's affordably priced advanced digital services are delivered through its proprietary, state-of-the-art fiber-rich network and supported by 100% U.S.-based customer service. RCN's primary service areas include Boston, Chicago, Lehigh Valley (PA), New York City, Philadelphia (Delaware County) and Washington, DC. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-09-28 |
Southern Air
Florence, Kentucky, United States Southern Air, Inc. is a global cargo carrier specializing in the provision of block space and aircraft, crew, maintenance, and insurance ("ACMI") services. Southern Air's blue-chip customer base includes some of the world's largest combination cargo carriers and government agencies. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 12.8B USD |
| Size | Mega |
| Type | Sector Focused |
ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 98 |
| Sector (Communications) | 6 of 15 |
| Type (Add-on Acquisition) | 17 of 51 |
| State (Massachusetts) | 5 of 6 |
| Country (United States) | 30 of 85 |
| Year (2012) | 3 of 4 |
| Size (of disclosed) | 8 of 29 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-01-17 |
CIBT
McLean, Virginia, United States CIBT is a global provider of mobility services including visa, passport, and immigration documentation. CIBT serves multinational corporations, global travel management companies, tour and cruise operators, government agencies, and individual travelers. CIBT’s services simplify the time-consuming and complicated process of obtaining required travel documents and work authorizations, while providing an accurate and compliant service for corporate customers. CIBT was founded in 1989 and is based in McLean, Virginia. |
Buy | $215M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-17 |
Q9 Networks
Toronto, Ontario, Canada Q9 Networks, Inc. is a provider of outsourced data center infrastructure for mission-critical IT operations. Operates three state-of-the-art data centers in Ontario and Alberta, Canada. Headquartered in Toronto, ON. |
Sell | CA$1.1B |
