Cavalier Telephone Sold in $460M Deal
December 9, 2010- Share:
A group led by M/C Venture Partners has completed its $460 million sale of Cavalier Telephone to PAETEC (NASDAQ: PAET). The selling consortium also included Ridgemont Equity Partners and BB&T Capital Partners. Cavalier provides telecommunications services and was advised on the deal by Evercore Partners and Edwards Angell Palmer & Dodge. PAETEC was advised by Deutsche Bank, BofA Merrill Lynch, Skadden, Arps, Slate, Meagher & Flom and Hogan Lovells.
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