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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.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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