Seyfarth Represents Patriot Media and Astound in Stonepeak’s $8.1 Billion Acquisition

Seyfarth served as counsel to Patriot Media, the industry-leading management team headed by Steve Simmons and Jim Holanda, and as co-counsel to Astound Broadband (Astound), the sixth largest US cable operator that leads regional providers RCN, Grande, Wave and enTouch, in a $8.1 billion acquisition agreement with Stonepeak Infrastructure Partners (Stonepeak), a private equity firm specializing in infrastructure investing.

Stonepeak will acquire the company from TPG Capital and Patriot Media. The transaction is expected to close in the second quarter of 2021 and is subject to customary closing conditions, including regulatory approvals. You can read more about the deal here.

The Seyfarth Corporate team representing Patriot Media and Astound included New York partners Andrew Lucano (M&A), Stanley Bloch (M&A), John Napoli (Tax), and Rotem Bar-Kokhva (Tax).