|
|
Article: Grande Finale as Overbuilder Cashes Out.(Abry Partners L.L.C.)(Grande Communications Inc.)(Financial report)
- Article from:
- Multichannel News
- Article date:
- September 7, 2009
- Author:
CopyrightCOPYRIGHT 2009 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
by Mike Farrell
Grande Communications, the San Marcos, Texas-based overbuilder, said in a Securities and Exchange Commission filing last Monday that it has agreed to be acquired by private-equity group ABRY Partners in a recapitalization deal worth about $265 million.
Grande first announced it had entered into a nonbinding letter of intent with ABRY on June 9. Back in January, Grande hired New York-based cable investment Waller Capital Corp. to explore strategic alternatives. In April, Grande hinted at a sale, stating in SEC filings that a third party may be trying to raise money for a bid. That filing came after reports that ABRY was trying to raise ...