News
2011
Investor Group to Acquire Samson
November 23, 2011
An investor group consisting of Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”), Natural Gas Partners (“NGP”), Crestview Partners (“Crestview”) and Itochu Corporation (“ITOCHU”), together comprising “the Investor Group,” today announced the signing of a definitive agreement to acquire Samson Investment Company (“Samson”), one of the largest private exploration and production companies in the United States, for $7.2 billion. MORE
Cumulus Media Inc. Announces Completion of the Acquisition of Citadel Broadcasting Corporation and Related Global Refinancing
September 16, 2011
Cumulus Media Inc. ("Cumulus Media") (NASDAQ: CMLS) today announced that it has completed its previously announced acquisition of Citadel Broadcasting Corporation ("Citadel"), and as a result Citadel is now an indirect wholly-owned subsidiary of Cumulus. With the completion of the Citadel acquisition, Cumulus Media is the largest pure-play radio broadcaster in the United States, and owns or operates more than 570 radio stations in 120 markets and a nationwide radio network serving over 4000 stations. MORE
North American Financial Holdings Completes $217 Million Investment in Green Bankshares
September 7, 2011
North American Financial Holdings, Inc.,("NAFH"), a Miami-based national bank holding company, and Green Bankshares, Inc. (NASDAQ: GRNB)(the "Company") announced today the closing of the previously announced investment in the Company by NAFH of approximately $217 million through the purchase of the Company's common stock. MORE
Time Warner Cable to Acquire Insight Communications
August 15, 2011
Time Warner Cable Inc. (NYSE: TWC) and Insight Communications Company, Inc. today announced they have entered into a definitive merger agreement under which Time Warner Cable will acquire Insight for $3 billion in cash. Insight serves more than 750,000 customers in Indiana, Kentucky and Ohio. MORE
Select Energy Services Acquires Western Company of Texas
July 5, 2011
Select Energy Services, LLC ("Select"), an oilfield service and supply company headquartered in Houston, TX, announced today the acquisition of The Western Company of Texas, Inc. ("Western"), a Fort Worth, TX, based water transfer company with operations in the Bakken, Barnett, Eagle Ford, Granite Wash and Haynesville. MORE
North American Financial Holdings Agrees to Acquire 90.1% of Green Bankshares
May 5, 2011
North American Financial Holdings, Inc., ("NAFH"), a North Carolina-based national bank holding company, announced today that it has signed a definitive investment agreement to acquire a 90.1% stake in Green Bankshares, Inc. for $217 million. The Greeneville, Tennessee-based holding company is the parent of GreenBank, a 65-bank branch network with $2.4 billion in assets headquartered in Greeneville, Tennessee, with operations in Nashville, Knoxville and other Tennessee markets. MORE
Cumulus Media Inc. Enters into Merger Agreement to Acquire Citadel Broadcasting Corporation
March 10, 2011
Cumulus Media Inc. (NASDAQ: CMLS) today announced it has entered into a definitive merger agreement to purchase Citadel Broadcasting Corporation, under which Cumulus would acquire all of the outstanding common stock and warrants of Citadel at a price of $37.00 per share. This consideration is payable in cash and shares of Cumulus stock, and values Citadel as an enterprise at approximately $2.4 billion. Citadel owns and operates 225 radio stations in over 50 markets and also operates the Citadel Media business, which is among the largest radio networks in the U.S.MORE
Select Energy Expands Water Transfer Presence
March 1, 2011
Select Energy Services, LLC ("Select"), an oilfield service and supply company headquartered in Houston, TX, announced today the acquisition of Water Providers, Ltd., which does business under the name of SweetH2O Transfer Services.MORE
2010
Munder Capital to Acquire Integrity Asset Management
December 1, 2010
Munder Capital Management, a money management firm serving institutional and individual investors, today announced that it is acquiring Integrity Asset Management, a Louisville, KY - based institutional investment management firm with investment operations in Rocky River, OH.MORE
Select Energy Services Adds to Eagle Ford Presence
October 15, 2010
Select Energy Services, LLC ("Select"), an oilfield service and supply company headquartered in Gainesville, TX, today announced the acquisition of Alice Southern Equipment Service, Inc.MORE
North American Financial Holdings, Inc. to Invest $175 million in TIB Financial Corp.
June 29, 2010
TIB Financial Corp. (Nasdaq: TIBB), parent company of TIB Bank and Naples Capital Advisors, leading financial services providers serving the greater Naples, Bonita Springs, Fort Meyers and Cape Coral areas, South Miami-Dade County, the Florida Keys and Sarasota County today announced that the bank holding company North American Financial Holdings, Inc. (NAFH) has agreed to invest approximately $175 million in TIB through the purchase of newly issued shares of TIB common stock and convertible preferred stock. In addition, during the 18-month period following the closing of its initial investment in TIB, NAFH will have the right to invest up to an additional $175 million.MORE
SES Holdings, LLC Receives $125 Million Investment from Crestview Partners
May 12, 2010
SES Holdings, LLC ("SES"), parent company of Select Energy Services, LLC and Bell Supply Company, LLC today announced that it had received a $125 million investment from Crestview Partners ("Crestview"), a New York based private equity firm. SES is a privately-held oil services company. MORE
Cumulus Media Inc. and Crestview Partners Announce Formation of Cumulus Radio Investors, L.P.
April 7, 2010
Cumulus Media Inc. [NASDAQ: CMLS], the second largest radio broadcast company in the United States based on station count, and Crestview Partners, a $4 billion private equity firm with a strong media focus, today announced the formation of a strategic investment partnership that will seek to invest in premium radio broadcasting companies that present attractive opportunities for significant long-term capital appreciation. MORE
Insight Announces Equity Investment by Crestview and MidOcean
April 1, 2010
Insight Communications Company, Inc., the ninth largest cable operator in the United States, today announced that an investor group led by Crestview Partners and MidOcean Partners has purchased a significant equity position in Insight from certain existing shareholdes, including The Carlyle Group. MORE
2009
North American Financial Holdings, Inc.
December 16, 2009
Crestview Partners participated as the Lead Investor in a $550 million 144A institutional equity raise for North American Financial Holdings, Inc. ("NAFH"), a recently formed Delaware corporation that intends to invest in and manage one or more depository institutions. MORE
Charter Communications Completes Financial Restructuring and Emerges from Chapter 11
November 30, 2009
Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter") today announced that is has successfully completed its financial restructuring, which significantly improves the Company's capital structure by reducing debt by approximately 40 percent, or approximately $8 billion. MORE
Charter Communications Plan of Reorganization Confirmed by Court
November 17, 2009
The Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter") pre-arranged Joint Plan of Reorganization (the "Pre-Arranged Plan") has been confirmed by the United States Bankruptcy Court for the Southern District of New York (the "Court"). The Company expects to emerge from Chapter 11 with a significantly improved capital structure. MORE
Successful
closing of block purchase of PARIS RE shares
bringing total ownership of
PartnerRe to 83%
October 5, 2009
("PARIS RE.") announces that, after obtaining all necessary approvals of insurance and competition regulatory authorities, PartnerRe Ltd. ("PartnerRe") has successfully closed the previously announced block purchase of the outstanding common shares of PARIS RE. MORE
PARIS RE Holdings Ltd.
Enters into a Combination
Agreement with PartnerRe
July 6, 2009
("PARIS RE") announces that its Board of Directors has approved a combination agreement with PartnerRe Ltd., ("PartnerRe"), a global multi-line re-insurer, according to which PartnerRe intends to acquire in a multi-step transaction all the outstanding securities of PARIS RE. MORE
2007
Martin Currie Ensures Its Independence
September 20, 2007
Martin Currie, the leading specialist active equity investment manager, has arranged a strategic investment by two external investors: the New York-based investment firm Crestview Partners, L.P. and investment vehicles associated with Lord (Jacob) Rothschild. The purpose of this transaction is to secure Martin Currie's on-going independence... MORE
ValueOptions Receives
Significant Investment
from Crestview Partners
July 19, 2007
ValueOptions, Inc., the nation's largest independent behavioral health care company, has entered into a definitive agreement under which New York-based private equity firm Crestview Partners, L.P., will take a significant equity stake in the company, accompanied by a new governance structure. The company's founder, Dr. Ronald Dozoretz, will continue as Chairman of the Board. MORE
Symbion, Inc. Agrees To Be Acquired By Crestview Partners Affiliate For $22.35 Per Share In Cash
April 24, 2007
Symbion, Inc. (NASDAQ:SMBI), an owner and operator of short stay surgical facilities, announced today that it has entered into a merger agreement with a newly formed subsidiary of Crestview Partners, L.P., a New York-based private equity firm. Under the terms of the merger agreement, holders of Symbion common stock will receive $22.35 per share in cash for their shares. MORE
Crestview Partners And Key Safety's Management Acquire Key Safety Systems
March 8, 2007
Key Safety Systems, Inc. ("KSS") announced today that it has been acquired by Crestview Partners, L.P., in partnership with the management team of KSS. In addition, Sir Nick Scheele, former President and COO of Ford Motor Company and Chairman of Ford Europe, will join the company as Chairman of the Board. MORE
Munder Capital Management Completes Management-Led Buyout
January 2, 2007
Munder Capital Management, a leading Midwest-based money management firm, announced today that it has completed its previously announced management-led buyout. MORE
2006
Axa Announces Having Received A Binding Offer From Stone Point Capital For Axa Re's Business
April 7, 2006
In the context of a strategic review regarding the future of its reinsurance activity, AXA announces the receipt of a binding offer for the business of AXA RE from Paris Re Holdings Limited. Paris Re Holdings Limited is a newly-created company sponsored by a consortium of international investors led by Trident III, L.P., a fund managed by Stone Point Capital LLC, and in which AXA would take participation between 5% and 10%. MORE
Puerto Rico Cable Operations to be Acquired by Premier Private Equity Group
June 6, 2005
Adelphia Communications Corporation (OTC:ADELQ) and ML Media Partners, L.P. today announced they have entered into an agreement with a newly formed entity between MidOcean Partners, a New York and London-based private equity firm and its partner, Crestview Partners, a New York-based private equity firm, to sell their jointly owned San Juan Puerto Rico area cable operations. MORE