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Crestview Partners to Take Significant Stake in WOW!
- Client News
- December 11, 2015
As reported in The Wall Street Journal and other media outlets, Paul, Weiss client Crestview Partners, a leading private equity firm based in New York, announced that funds it manages will acquire a significant stake in WOW!, a leading U.S. provider of high-speed Internet, cable TV and phone services. Under the agreement, the Crestview funds will purchase units held by Avista Capital Partners, among others, and make a $125 million primary investment in newly issued units. Financial terms of the transaction, expected to close before January 1, were not disclosed.
The Paul, Weiss team included, among others, corporate partners Neil Goldman, Kenneth Schneider and counsel Menachem Kaplan; antitrust counsel Didier Malaquin; tax partner Richard Bronstein; real estate partner Peter Fisch; and environmental counsel William O'Brien.