Joele Frank counsels CommScope, network infrastructure firm, as it acquires ARRIS International, telecom equipment maker, in an all-cash transaction worth $7.4B to forge an $11.3B entity.
The partners “bring together a unique set of complementary assets and capabilities that enable end-to-end wired and wireless communications infrastructure solutions that neither company could otherwise achieve on its own,” said Eddie Edwards, CommScope CEO, in a statement.
The Carlyle Group is re-investing $1B in CommScope for a 16 percent stake to help bankroll the transaction.
The private equity firm bought CommScope in 2011, took it public in 2013 and sold it in 2016.
Cam Dyer, global co-head of TCG’s technology, media and telecom practice, said his firm is delighted to resume collaboration with CommScope because of its “long-term strategy, customer-centric culture and ability to deliver results.”
Joele Frank, Wilkinson, Brimmer, Katcher’s Jim Golden and Joe Sala represent CommScope.