Oak Hill, Abry Partners mulling $1.4bn Atlantic Broadband sale


Oak Hill Capital and Abry Partners are considering selling US cable TV, internet and telephone provider Atlantic Broadband for up to $1.4bn, it is understood.

The firms have held Atlantic, the country’s 14th largest cable operator, since 2004.

Credit Suisse Group is handling the sale according to Bloomberg, which said a set of first-round bids had already been placed last week.

Oak Hill has been relatively quiet since its portfolio company Dave & Buster’s filed for $150m IPO last July.

The mid-market firm manages more than $8bn of committed capital and has been involved in over 60 transactions since the mid-1980s.

Abry focuses on buyouts of media, communications, business and information services companies in the US.

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