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Oak Hill Portfolio Company Sold to Monitronics
- Client News
- August 16, 2013
Monitronics International, Inc., a wholly owned subsidiary of Ascent Capital Group, Inc., acquired all of the equity interests of Security Networks, LLC from certain funds affiliated with Oak Hill Capital Partners and certain other holders. Paul, Weiss represented Oak Hill in the transaction, which was signed and announced on July 10, 2013.
The purchase price consisted of $482.9 million (after giving effect to certain closing adjustments) plus 253,333 newly issued shares of Ascent Series A common stock (which has an agreed to value of $20 million).
The Paul, Weiss team included corporate partners Angelo Bonvino, Eric Goodison and John Kennedy and counsel Bruce Gruder, Didier Malaquin and Sarah Mudho; tax partner David Sicular; and employee benefits partner Robert Fleder.