M&A Deal Summary

Fidelity Communications Acquires Cobridge Communications

On May 31, 2012, Fidelity Communications acquired communications company Cobridge Communications from The Gores Group

Acquisition Highlights
  • This is Fidelity Communications’ 1st transaction in the Communications sector.
  • This is Fidelity Communications’ 1st transaction in the United States.
  • This is Fidelity Communications’ 1st transaction in Missouri.

M&A Deal Summary
Date 2012-05-31
Target Cobridge Communications
Sector Communications
Buyer(s) Fidelity Communications
Sellers(s) The Gores Group
Deal Type Add-on Acquisition

Target

Cobridge Communications

Saint Louis, Missouri, United States
Cobridge Communications provides services, including advanced Digital Cable, HDTV, High-Speed Internet and Digital Telephone services, to residential and commercial customers, primarily in the Southeastern United States. Cobridge serves approximately 65,000 customers across seven states.

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Buyer(S) 1

Buyer

Fidelity Communications

Sullivan, Missouri, United States
Category Company
Sector Communications
DESCRIPTION

Fidelity Communications Co. is a family-owned cable operator that has been providing residential and business services to customers throughout greater Arkansas, Illinois, Louisiana, Missouri, Oklahoma, and Texas for nearly 80 years. Fidelity’s network passes approximately 190,000 homes and it has approximately 114,000 residential primary service units (“PSUs”) and 20,000 business PSUs. Fidelity is headquartered in Sullivan, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.

DEAL STATS #
Overall 34 of 66
Sector (Communications) 8 of 11
Type (Add-on Acquisition) 15 of 30
State (Missouri) 1 of 1
Country (United States) 26 of 52
Year (2012) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-10 Elo Touch

Milpitas, California, United States

Elo Touch is a global provider and manufacturer of high-quality and commercially durable touch screen systems and components for enterprise customers. Elo Touch was founded in 1971 and is based in Milpitas, California.

Buy $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 Glotel

Chicago, Illinois, United States

Glotel provides mobility operations, expansion and integration services to many of the top mobile communication providers and contractors throughout the United States.

Buy -
Mergr

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