Avista Capital Partners completed its acquisition of overbuilder WideOpenWest LLC from Oak Hill Capital Partners and Abry Partners.
While terms of the deal were not disclosed, when the transaction was first announced in December, members of the cable investment-banking community estimated the purchase price at about $800 million.
WOW has about 357,000 subscribers in Illinois, Indiana, Michigan and Ohio. Avista said in a statement that WOW’s existing management team -- including CEO Colleen Abdoulah -- will remain with the company.
Credit Suisse Group, Wachovia Securities, Société Générale and Natexis Banques Populaires provided financing to Avista, while Kirkland & Ellis LLP provided legal advice.
Credit Suisse Group and Waller Capital Corp. acted as financial advisors to WOW, with Paul, Weiss, Rifkind, Wharton and Garrison LLP providing legal counsel.
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