Investment Summary

The Blackstone Group and Quadrangle Group Invest In Charter Communications

On September 1, 2002, private equity firms The Blackstone Group and Quadrangle Group invested in communications company Charter Communications

Investment Highlights
  • This is The Blackstone Group’s 14th and Quadrangle Group’s 4th transaction in the Communications sector.
  • This is The Blackstone Group’s 45th and Quadrangle Group’s 8th transaction in the United States.
  • This is The Blackstone Group’s 3rd and Quadrangle Group’s 1st transaction in Connecticut.
Investment Fate
  • Charter Communications was sold to a financial buyer in 2013.

Investment Summary

Date 2002-09-01
Target Charter Communications
Sector Communications
Investor(s) The Blackstone Group
Quadrangle Group
Deal Type PIPE

Target

Charter Communications

Stamford, Connecticut, United States
Charter Communications' corporate headquarters in Stamford, Connecticut.
Charter Communications' corporate headquarters in Stamford, Connecticut.
Charter Communications is a broadband communications company. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet® access, and Charter Spectrum Voice. Charter Communications was incorporated in 1993 and is based in Stamford, Connecticut.

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Investor(S) 2

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 58 of 365
Sector: Communications M&A 14 of 25
Type: PIPE M&A Deals 1 of 12
State: Connecticut M&A 3 of 6
Country: United States M&A 45 of 231
Year: 2002 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-01 Aspen

Hamilton, Bermuda

Aspen is a provider of reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom, and the United States. Aspen was founded in 2002 and is based in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-01 Nycomed Pharma AG

Zurich, Switzerland

Nycomed Pharma AG is a manufacturer, marketer, and promoting a range of Rx and OTC pharmaceutical products in Europe. Nycomed offers hospital products and general practitioner medicines, as well as provides late-stage clinical development, and registration and marketing. Nycomed Pharma AG was established in 1986 and is based in Zurich, Switzerland.

Buy $1.3B
Investor

Quadrangle Group

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrangle Group is a specialist private equity firm focused on the information and communications technology services sectors. Quadrangle was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 8 of 25
Sector: Communications M&A 4 of 11
Type: PIPE M&A Deals 1 of 2
State: Connecticut M&A 1 of 1
Country: United States M&A 8 of 19
Year: 2002 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-09 Pathfire

Irving, Texas, United States

Pathfire, Inc. operates in the emerging market for digitizing, distributing, and managing various types of media and entertainment content through a proprietary digital network linking the owners and producers of various types of content with the consumer of that content.

Buy $27M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-05 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 -