M&A Deal Summary

US West Communications Acquires Continental Cablevision

On February 28, 1996, US West Communications acquired media company Continental Cablevision from TA Associates and Alta Equity Partners for 1.1B USD

Acquisition Highlights
  • This is US West Communications’ 1st transaction in the Media sector.
  • This is US West Communications’ largest (disclosed) transaction.
  • This is US West Communications’ 1st transaction in the United States.
  • This is US West Communications’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 1996-02-28
Target Continental Cablevision
Sector Media
Buyer(s) US West Communications
Sellers(s) TA Associates
Alta Equity Partners
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Continental Cablevision

Boston, Massachusetts, United States
Continental Cablevision, Inc. is a cable operator company.

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Buyer(S) 1

Buyer

US West Communications

Denver, Colorado, United States

website


Category Company
Founded 1983
Sector Communications
DESCRIPTION

US West Communications, Inc. was a provider of local and long distance telephone services, data transmission services, cable television services, and wireless communications in the Midwest and Western regions of US.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (1996) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 28 of 254
Sector (Media) 1 of 2
Type (Add-on Acquisition) 11 of 129
State (Massachusetts) 5 of 24
Country (United States) 26 of 206
Year (1996) 2 of 4
Size (of disclosed) 12 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 MidCoast Mortgage

Melville, New York, United States

MidCoast Mortgage originates, services and secures mortgage loans for single-family residences. MidCoast was acquired by Shorewood Associates in 1996.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-06-28 ANSYS

Canonsburg, Pennsylvania, United States

ANSYS is a designer and producer of computer-aided engineering software. Its products are used worldwide in developing design solutions for the aerospace, automotive, biomechanics, consumer, electrical/electronics, machinery and power industries. ANSYS was incorporated in 1970 and is based in Canonsburg, Pennsylvania.

Sell -
SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


DEAL STATS #
Overall 3 of 45
Sector (Media) 2 of 19
Type (Add-on Acquisition) 3 of 36
State (Massachusetts) 1 of 3
Country (United States) 3 of 43
Year (1996) 3 of 4
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Baycom Partners

San Francisco, California, United States

BayCom was a broadcasting radio operator with stations in San Jose, CA and Portland, OR.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-03-01 Brooks Fiber Properties

St. Louis, Missouri, United States

Brooks Fiber Properties, Inc. is a provider of competitive local telecommunications services, with an emphasis on secondary markets, by aggressively pursuing switched services opportunities, further building out existing systems and expanding service offerings.

Sell -