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Crestview hoping to wow with minority stake in WideOpenWest

Dec 11, 2015 - The Deal Pipeline
Mergers and Acquisitions-Financial Results

New York private equity shop Crestview Partners LP on Friday, Dec. 11, agreed to acquire a minority stake in WideOpenWest Holdings LLC, or WOW!, to help the broadband and cable TV target participate in an ongoing consolidation.

Crestview is buying an unspecified stake from Avista Capital Partners LP and other investors and investing $125 million in WOW!. The deal will leave Crestview with 35% of the Englewood, Colo., cable company and values the target at $4 billion including debt, accordi...