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H/Advisors Abernathy handles TPG as the alternative asset management firm acquires AT&T’s 70 percent stake in DIRECTV for $7.6B.
TPG, which already owns a 30 percent stake in DIRECTV, also is the parent company of Dish TV and Sling.
Acquiring the remaining stake of DIRECTV, positions TPG as the dominate player in providing non-cable and broadband services to consumers.
“DIRECTV has a 30-year legacy of innovating for consumers while providing greater value and better service than incumbent providers, and we are thrilled to extend our highly successful partnership together,” said Joe Flynn, partner at TPG.
TPG expects the deal to close by the second half of next year.
H/Advisors Abernathy CEO Tom Johnson and managing director for M&As/activism Dan Scorpio represent TPG, which has $229B in assets under management.
Havas owns H/Advisors Abernathy.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
