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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.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
