Investment Summary

Reliance Industries Invests In Hathway Cable & Datacom

On October 23, 2018, Reliance Industries invested in media company Hathway Cable & Datacom from Providence Equity Partners

Investment Highlights
  • This is Reliance Industries’ 1st transaction in the Media sector.
  • This is Reliance Industries’ 3rd transaction in India.

Investment Summary

Date 2018-10-23
Target Hathway Cable & Datacom
Sector Media
Investor(s) Reliance Industries
Sellers(s) Providence Equity Partners
Deal Type Stake Purchase

Target

Hathway Cable & Datacom

Mumbai, India
Hathway Cable & Datacom is a cable broadband service provider. Hathway Cable & Datacom was founded in 1959 and is based in Mumbai, India.

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Investor(S) 1

Investor

Reliance Industries

Mumbai, India

Category Company
Founded 1973
Sector Energy Services and Equipment
Employees403,303
Revenue 9.65T INR (2025)
DESCRIPTION

Reliance Industries, is a private sector enterprise, with businesses in the energy and materials value chain. The Group's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones. Reliance Industries was founded in 1973 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 4 of 4
Sector: Media M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 2
Country: India M&A 3 of 3
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-29 Radisys

Hillsboro, Oregon, United States

Radisys Corp. is a provider of wireless infrastructure solutions for the telecom, aerospace, and defense markets. Radisys was founded in 1987 and is based in Hillsboro, Oregon.

Buy -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 70 of 102
Sector: Media M&A 19 of 23
Type: Stake Purchase M&A Deals 5 of 5
Country: India M&A 5 of 5
Year: 2018 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 Aditya Birla Telecom

Mumbai, India

Aditya Birla Telecom provides cellular telecommunication services. Aditya Birla Telecom was founded in 2005 and is based in Mumbai, Maharashtra.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Vector Solutions

Tampa, Florida, United States

Vector Solutions is a provider of SaaS-based compliance and safety-focused eLearning and performance optimization solutions serving three end-markets: Public Sector, Education, and Commercial. Vector’s solutions are underpinned by the company’s library of proprietary content (over 7,500 courses with over 30,000 associated accreditations) which is delivered through a SaaS-based software platform to address customers’ mission critical compliance, safety, and regulatory needs. Vector Solutions was founded in 1999 and is based in Tampa, Florida.

Sell -