BC Partners managing partner Raymond Svider explains why the European buyout firm has sold a stake in US cable firm Suddenlink just three years after buying it.
BC Partners and the Canada Pension Plan Investment Board announced today that they are selling a 70% stake in Suddenlink to France-based Altice, which values the firm at $9.1 billion. That marks a healthy return on a company that the duo bought in July 2012 for $6.6 billion, which, at the time, was one of the biggest deals since the collapse of Lehman Brothers.
