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New Deal


Announced

Completed

Stonepeak completed the acquisition of Astound Broadband from TPG and Patriot Media for $8.1bn.

Financials

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Transaction Value£6,253m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Cable Television

Friendly

cable operator

Majority

Domestic

Acquisition

United States

Private

Single Bidder

Completed

Synopsis

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Stonepeak Infrastructure Partners, a private equity firm specializing in infrastructure investing, completed the acquisition of Astound Broadband, a cable operator in the United States that operates regional providers, from investors TPG Capital and Patriot Media Management for $8.1bn. “As we continue to grow our platform, our core objectives remain the same: to deliver exceptional service to our customers and communities, a best-in-class experience for our employees, and outstanding results for our investors. Our mission and management vision are aligned with Stonepeak and we very much look forward to our partnership with them," Steve Simmons, Patriot Media Chairman.

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