Oak Hill Capital related stories
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TPG-backed RCN buys broadband provider Wave for $2.37 billion: ReutersPrivate equity firm TPG Global LLC said on Monday it would buy Wave Broadband for $2.37 billion in a deal that creates the sixth largest U.S. cable operator at a time when demand for high-speed internet service is growing rapidly.
- Oak Hill Capital to buy Checkers Drive-In Restaurants for $525 mln
Oak Hill Capital Partners said March 23 that it agreed to buy Checkers Drive-In Restaurants Inc for about $525 million. Sentinel Capital Partners was the seller. Checkers, which operates under the Checkers and Rally’s banners, is a leading operator and franchisor of drive-thru hamburger quick-service restaurants. Piper Jaffray and North Point Advisors acted as financial advisors to Checkers in the transaction. Kirkland & Ellis LLP is serving as legal counsel to the Checkers. Jefferies LLC acted as financial advisor to Oak Hill in the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Oak Hill.
- Oak Hill Capital to buy Checkers Drive-In Restaurants for $525 mln: WSJ
Oak Hill Capital Partners is buying Checkers Drive-In Restaurants for $525 million in a deal that is expected to be announced Thursday, the Wall Street Journal reported. Tampa, Fla.-based Checkers, which had about $830 million in system wide sales last year, has been owned by Sentinel Capital Partners since 2014, the WSJ said. Sentinel put Checkers up for sale in January; Piper Jaffray Cos advised on the auction, according to press reports.
Novacap completes sale of Oxford Networks to Oak Hill CapitalCanadian private equity firm Novacap has wrapped up its sale of Oxford Networks, a U.S. fibre-optic bandwidth infrastructure services provider, to Oak Hill Capital Partners. The financial terms of the deal, announced last July /canada/2016/7/3342338/ were not disclosed. Novacap acquired a majority stake /canada/2014/1/novacap-brings-canadian-how-to-model-to-maines-oxford-networks/ in Oxford in 2014. Ted Mocarski, a senior partner at Novacap, said the company has more than doubled its revenue and profitability over the past two years. With the deal's closing, Oxford will be combined with FirstLight Fiber, which Oak Hill bought from Riverside Partners. Novacap, Bank Street Capital Partners and Riverside will invest in the new business as minority shareholders.
Oak Hill Capital to buy Oxford Networks from Novacap, BSCPOxford Networks, a U.S. fibre-optic bandwidth infrastructure services provider, has agreed to be bought by Oak Hill Capital Partners. No financial terms were released. The sellers are Canadian private equity firm Novacap, which acquired a majority interest /canada/2014/1/novacap-brings-canadian-how-to-model-to-maines-oxford-networks/ in Oxford in 2014, and Bank Street Capital Partners (BSCP). Upon the deal's closing, expected in the fourth quarter, Oak Hill will merge the company with FirstLight Fiber, which Oak Hill is buying from Riverside Partners. Novacap, BSCP and Riverside are expected to be minority investors in the combined entity, which will operate a high-capacity fibre-optic network and 10 data centers located across New York and New England.
- LP Radar - July 2016
See the latest PE LP updates, including allocation changes and people moves.
Data spotlight: Sale of Vantage Oncology leads VC-backed M&A in AprilSeven of the April acquisitions disclosed financials terms, which combined to about $3.3 billion in value
- Oak Hill's Imagine! Print Solutions hires John J. Hans as CEO
Imagine! Print Solutions, a portfolio company of Oak Hill Capital partners, named John J. Hans CEO and a member of the board of directors, effective June 1, 2016. Hans, formerly COO of Restaurant Supply Chain Solutions, LLC, will succeed Imagine! founder Bob Lothenbach, who has led the in-store marketing provider since its inception in 1988.
- Ng launches $10 mln incubator OnRamp Fund
Oversee.net founder Lawrence Ng has launched OnRamp Fund, a $10 million incubator that will back early-stage startups. Among those serving as advisors to OnRamp Fund are: Legalzoom Chairman and co-founder Brian Liu; Jamie Lin, founding partner of Taiwan-based AppWorks; Eytan Elbaz, chairman of Opposing Views and co-creator of Adsense; Scott Jarus, CEO of EV Connect; and Gene Morphis, former CFO of David’s Bridal.
- PEI 2015 OpEx Awards winners revealed - breaking
Private Equity International unveils the winners of our fourth annual Operational Excellence Awards.