cequel communications

suddenlink.com

The company that runs the St. Louis-based cable provider Suddenlink Communications has agreed to sell itself to its management and other investors who will invest about $2 billion in the company.

Investors BC Partners and the Canada pension plan's CPP Investment Board are joining with Suddenlink managers including Chairman and CEO Jerry Kent in the deal to buy Cequel Communications Holdings L.L.C.

Cequel's previous ownership group included Goldman Sachs Capital Partners, Quadrangle and Oaktree Capital Management. The deal values the company at $6.6 billion, including debt.