May 20, 2015
BC European Capital IX (BCEC IX), a fund advised by BC Partners, and Canada Pension Plan Investment Board (CPPIB), together with management and other co-investors, have announced that they have signed an agreement, whereby Altice S.A., a multinational cable and telecommunications company, will acquire a seventy percent stake in Cequel Communications Holdings, LLC, which operates as Suddenlink. Both sellers will retain a 12 percent stake in the business.
Latham & Watkins LLP represents BC Partners and CPPIB in the crossborder transaction with a corporate team led by partners Raymond Lin, John Giouroukakis, and counsel Matthew Chase, with associates Christopher McGuire, Liliana Párias Neuburg, Andrea Sung and Andrew Lugerner. Advice was also provided on finance matters by partner Dennis Lamont, with associate Sonja Pollack; on tax matters by partners David Raab, Jocelyn Noll and Karl Mah, with associate Shruti Hazra; on benefits matters by partner Adam Kestenbaum, with associate Nikhil Kumar; on regulatory matters by partner John Janka, with associate Matthew Murchison; on antitrust matters by partner Jason Cruise; and on CFIUS matters by partner Edward Shapiro. All lawyers are based in the firm’s New York office, with the following exceptions: Mr. Janka, Mr. Shapiro, Mr. Cruise, Mr. Kestenbaum, Mr. Kumar and Mr. Murchison, who are located in Washington D.C., and Mr. Mah, who is located in London.