TPG Capital $2.25 billion acquisition of RCN Telecom/Grande Communications

Overview:

• Private equity firm TPG Capital has acquired telecommunications providers RCN Telecom and Grande Communications in two concurrent deals totaling $2.25 billion.
• Both companies were purchased from private equity firm seller ABRY Partners.
• TPG paid $1.6 billion for RCN, and $650 million for Grande.
• Cleary Gottlieb Steen & Hamilton (Paul Shim, James Langston, Duane McLaughlin) advised TPG.
• Kirkland & Ellis (Armand Della Monica, Constantine Skarvelis, Josh Korff, Brian Hecht, Ashley Gregory) advised ABRY and the two sold services providers.

Kurt Stumpo - Journalist - North America and the Caribbean