MidOcean Partners and Crestview Partners are to sell OneLink Communications for an enterprise value of $585.25 million. Liberty Global and Searchlight Capital Partners will be acquiring the business which provides cable TV, high-speed data and telephony services in Puerto Rico. MidOcean and Crestview, together with co-investors and management, acquired OneLink in October 2005 from Adelphia [...]
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North American Financial Holdings has agreed to buy a 90.1% stake in Green Bankshares for $217 million. NAFH is a is a “blind pool” that raised $900 million in 2009. Investors include Crestview Partners and Falfurrias Capital Partners. Green Bankshares, of Greeneville, Tenn., is parent of GreenBank which has $2.4 billion in assets and 65 branches.
NEW YORK (Reuters) – Insight Communications Co., controlled by The Carlyle Group, has put itself up for auction, seeking a deal valuing the U.S. cable operator at up to $4 billion, people close to the deal told Reuters. Insight, the tenth largest cable operator in the United States according to Carlyle’s website, has hired Bank [...]
And the results are in!
Yesterday, we asked you whether Del Monte should go up for sale again. The poll follows a Delaware judge’s decision to delay a shareholder vote on the sale of the company to a KKR-led group. The judge was highly critical of Barclay’s handling of the sale (Barclays wasn’t named as a defendant, but it did advise Del Monte on the sale, provided debt financing for the buyers and ran the go-shop). The ruling has become the talk of Wall Street with Barclays’s rivals taking swipes at the IB, although they do the same thing and often play both sides of a deal.
So we had to ask: should Del Monte go up for sale again? As of midnight Thursday, you’re split on this. A little more than half, 55%, do think Del Monte should be reshopped. But 45% think the company shouldn’t be.
Cumulus Media, the radio broadcaster, is in talks to buy Citadel Broadcasting Corp. for $37 a share in cash and stock. Crestview Partners and Macquarie Capital are expected to provide up to $500 million in equity financing. UBS and Macquarie Capital are seen providing debt financing, a statement said. JP Morgan and Lazard are acting as financial advisors to Citadel. UBS is advising Cumulus.
Crestview Partners has invested $125 million into oil services company SES Holdings LLC, which operates both Select Energy Services LLC and Bell Supply Company. The deal gives Crestview a 45% equity stake, plus the option to invest an additional $50 million at the same valuation and terms.
Crestview Partners and MidOcean Partners have agreed to acquire a combined 42% equity position in Insight Communications Company Inc., the nation’s ninth-largest cable operator. Sellers include The Carlyle Group, which will retain a 42% equity stake.
NEW YORK/CHARLOTTE, N.C. (Reuters) – Former Bank of America Corp (BAC.N) Vice Chairman Gene Taylor is putting together a fund to invest in U.S. banks after a bid to inject capital into a small Florida bank fell apart, sources familiar with the matter said. Taylor is backed by Crestview Partners LP, the sources said, declining [...]
CHICAGO (Reuters) – Three private equity firms have agreed to invest up to $450 million in First Southern Bancorp Inc, giving them control of a small Florida lender that could be used to acquire more banks. The agreement in principle with affiliates of Fortress Investment Group LLC (FIG.N), Crestview Partners LP and Lightyear Capital calls [...]