Macquarie Infrastructure Partners V Acquires Cincinnati Bell Inc.

Investcorp Acquires Majority Interest in CM Investment Partners

June 30, 2019

Financial Services

Investcorp Credit Management US LLC agreed to acquire a majority ownership interest in CM Investment Partners LLC (CMIP) from funds managed by Cyrus Capital Partners and Stifel Venture Corp, with CMIP co‑CIOs Michael Mauer and Christopher Jansen retaining a minority stake. Simultaneously, Investcorp BDC Holdings Limited entered a stock purchase agreement to acquire up to 10% of CM Finance Inc. over a two‑year period; the transaction was expected to close in Q3 2019 subject to customary regulatory approvals.

CVC Capital Partners Acquires Majority Stake in BIP from Apax Partners

June 1, 2021

Consulting

CVC Capital Partners has agreed to acquire Apax Partners' majority stake in BIP (Business Integration Partners). The BIP founders and existing equity partners will retain significant stakes and continue to manage the group as CVC supports the firm's next phase of international growth and capability expansion.

BCE (Bell Canada) Completes Acquisition of Ziply Fiber

November 6, 2024

Telecommunications

BCE Inc. completed its acquisition of Ziply Fiber, a leading fiber internet provider in the U.S. Pacific Northwest, for C$5.0 billion in cash and the assumption of approximately C$2.6 billion of net debt. The deal expands Bell’s fiber footprint into the United States and, together with BCE’s partnership with PSP Investments (Network FiberCo), positions the company to potentially reach up to 8 million U.S. fiber locations.

Mason Capital-Led Consortium Acquires CB&I from McDermott

December 9, 2024

Infrastructure

A consortium of financial investors led by Mason Capital Management has completed the all-cash acquisition of CB&I, the storage facilities, tanks and terminals business formerly owned by McDermott. McDermott will receive $475 million of proceeds before taxes and transaction expenses; CB&I will operate as a standalone company with no funded debt and a mandate to pursue growth in energy and industrial storage markets.

CBRE Investment Management Acquires Gateway Fiber from Crosstimbers Capital Group

January 27, 2023

Telecommunications

A fund sponsored by CBRE Investment Management has entered into a definitive agreement to acquire Gateway Fiber, a Wright City, Missouri-based fiber-to-the-home provider, from Crosstimbers Capital Group. CBRE IM said the acquisition will expand its private infrastructure portfolio and enable integration with its middle-mile portfolio company WANRack to accelerate broadband deployment in underserved communities; the deal is expected to close in February 2023 pending regulatory approvals.

Macquarie Infrastructure Partners Acquires RailUSA, LLC

May 12, 2022

Transportation

Macquarie Infrastructure Partners (MIP) acquired 100% of the equity interests of RailUSA, LLC, the U.S. holding company operating the 430-mile Florida Gulf & Atlantic Railroad and the 228-mile Grenada Railroad. RailUSA provides freight rail services, transloading, railcar storage and industrial development opportunities; Sidley represented MIP in the transaction.