CPPIB, BC Partners to invest in Altice’s $17.7 bln buy of Cablevsion

By Luisa Beltran — 1 month ago

Canada Pension Plan Investment Board and BC Partners, along with co-investors, have agreed to invest about 30 percent of the equity in Altice’s $17.7 billion agreement for Cablevision Systems Corp. CPPIB and BC Partners are exercising their option to participate in the Cablevision deal as part of their agreement to sell to sell a majority of Suddenlink to Altice, announced in May, for $9.1 billion. CPPIB and BC Partners will each fund 12 percent of the Cablevision acquisition, about $400 million each, with the balance funded by co-investors. The transaction is expected to close in the first half of 2016.