Macquarie Infrastructure Partners V Acquires Cincinnati Bell Inc.
September 7, 2021
Macquarie Infrastructure Partners V (MIP), via Macquarie Asset Management, completed an all-cash acquisition of Cincinnati Bell Inc. for approximately $2.9 billion including debt. The deal (at $15.50 per share) takes Cincinnati Bell private and is intended to accelerate the company’s fiber build and support strategic investments in its CBTS IT services business.
- Buyers
- Macquarie Infrastructure Partners V (MIP), Macquarie Asset Management (MAM)
- Targets
- Cincinnati Bell Inc.
- Sellers
- Cincinnati Bell shareholders, Holders of 6 3/4% Cumulative Convertible Preferred Shares (Depositary Shares)
- Industry
- Telecommunications
- Location
- Ohio, United States
- Transaction Type
- Buyout
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