BC Partners, CPP Investment Board, and Management complete acquisition of Suddenlink for US$6.6 billion
On November 20, 2012, BC Partners and Canada Pension Plan Investment Board ("CPPIB"), in partnership with Suddenlink's management team, led by Chairman and CEO Jerry Kent, completed the previously announced purchase of Cequel Communications Holdings, LLC, which does business as Suddenlink Communications ("Suddenlink") for US$6.6 billion.
Further information can be found on Business Wire's website.
Suddenlink is the seventh-largest cable system operator in the United States, supporting the information, communication and entertainment demands of more than 1.4 million residential and commercial customers in the United States.
Canada Pension Plan Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries.