September 16, 2014 5:41 PM ET

Capital Markets

Company Overview of Quadrangle Capital Partners

Company Overview

Quadrangle Capital Partners is a private equity firm specializing in mature investments in global media, information services, and communications industries.The firm typically invests in content and distribution companies. It prefers to invest in Europe, India, China, and Australia. The firm seeks to invest between $100 million and $250 million in its portfolio companies. It is based in the New York, New York with additional offices in London, United Kingdom; Hong Kong, Hong Kong; San Francisco, California, and Palo Alto, California. Quadrangle Capital Partners is a subsidiary of Quadrangle Group LLC.

1065 Avenue of the Americas

New York, NY 10018

United States

Phone:

212-418-1700

Fax:

212-418-1701

Key Executives for Quadrangle Capital Partners

President and Managing Principal
Age: 45
Managing Principal
Age: 53
Compensation as of Fiscal Year 2014.

Quadrangle Capital Partners Key Developments

Vodafone Reportedly Reaches A Deal To Acquire ONO

Vodafone Group Public Limited Company (LSE:VOD) has reached a preliminary deal to buy Grupo Corporativo ONO, S.A. after raising its initial bid for the company, two people with knowledge of the discussions said. Ono rebuffed an earlier bid from Vodafone in February and decided to go ahead with a planned initial public offering that would value the company at €7 billion, including debt. Sources said Vodafone's bid would have to be substantially higher than that value to persuade Ono and its private equity shareholders to drop the listing. "A meeting took place yesterday between the shareholders and (Vodafone Chief Executive) Vittorio Colao. The due diligence will start this weekend in order to make the offer binding," said one of the sources. A second source said Ono's private equity shareholders told Vodafone at the meeting that the offer would have to come before March 13, when the cable group is due to formally go ahead with the plan to list on the Madrid stock exchange. According to Reuters, both Ono and Vodafone declined to comment. CCMP Capital Advisors, LLC; Quadrangle Capital Partners; Providence Equity Partners LLC; and Thomas H. Lee Partners, L.P. own 54% of Ono, according to the company's website.

Vodafone Reportedly Approaches ONO For Potential Acquisition

Vodafone Group Public Limited Company (LSE:VOD) has made a formal bid to acquire Grupo Corporativo ONO, S.A. for around €6.9 billion, reports Spanish business daily Expansion, citing unnamed sources close to the matter. The binding offer for 100% of the capital will be studied at Ono's board meeting on February 11, 2014, which was initially scheduled to choose the investment banks that would advise the company on its plans to float on the stock exchange. However, rather than pressing ahead with the IPO, Ono's owners, which include private equity investors CCMP Capital Advisors, LLC; Thomas H. Lee Partners, L.P.; Providence Equity Partners LLC; and Quadrangle Capital Partners, may opt for a straight buyout. If the sale goes ahead at the reported price, Ono's shareholders would receive around €3.48 billion, in view of the company's debt of around €3.42 billion. According to Bloomberg, Ben Padovan, a spokesman for Vodafone, declined to comment, as did Estefania Somoza, a spokeswoman for ONO.

Liberty Global Reportedly Eyeing ONO

Liberty Global plc (NasdaqGS:LBTY.A) is planning for an acquisition. On January 28, 2014, The Financial Times quoted unnamed sources as saying that the company is evaluating a €7 billion offer for Grupo Corporativo ONO, S.A. Vodafone Group Public Limited Company (LSE:VOD) is also in race for ONO. The news report added that the negotiations have not advanced enough and still there are no offers presented to, but ONO's shareholders, Providence Equity Partners LLC, Thomas H. Lee Partners, L.P., Quadrangle Capital Partners and CCMP Capital Advisors, LLC, would prefer to sell their stakes if the bids exceed the expected revenues from the listing. Sources stated that Orange (ENXTPA:ORA) is also among the possible buyers, but has not shown interest in such a transaction so far. According to media reports, Vodafone had intensified the negotiations for the acquisition of ONO, after the latter revealed its listing plans. Vodafone reportedly has enough cash to carry out the transaction.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 15, 2014
Get AS
Merger/Acquisition
April 17, 2014
Data & Audio-Visual Enterprises Holdings Inc.
Merger/Acquisition
March 17, 2014
Grupo Corporativo ONO, S.A.
 

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