Cable One’s Joint Venture with GTCR, Stephens Capital Partners and The Pritzker Organization

Cravath, Swaine & Moore and Cahill Gordon & Reindel acted as legal advisors to Cable One. Kirkland & Ellis, Davis Polk & Wardwell and Covington & Burling acted as legal advisors to the Investors on the transaction.

GTCR LLC, Stephens Capital Partners LLC and The Pritzker Organization, L.L.C. announced a joint venture with Cable One, Inc., (NYSE: CABO) to support the accelerated growth of Clearwave Fiber LLC, a newly formed entity that holds Cable One’s subsidiary Clearwave Communications and certain fiber assets of Cable One’s subsidiary Hargray Communications. With the formation of the joint venture, Clearwave Fiber intends to invest heavily in bringing Fiber-to-the-Premise (FTTP) service to residential and business customers across its existing footprint and near-adjacent areas.

Cable One, Inc. (NYSE:CABO) is a leading broadband communications provider committed to connecting customers and communities to what matters most.

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Healthcare, Financial Services & Technology, Technology, Media & Telecommunications, and Growth Business Services industries.

Stephens Capital Partners LLC (“SCP”) is the principal investing arm of the Warren A. Stephens family and Stephens Inc.

The Pritzker Organization is the merchant bank for the business interests of the Tom Pritzker family. TPO is focused on partnering with exceptional leaders to create value across a wide range of industries.

The Cravath team was led by partners Joseph D. Zavaglia (Picture) and Matthew L. Ploszek and included associates Ryan J. Wichtowski, Jason L. Zhang and Michael D. Weil on M&A matters; partners Lauren Angelilli and Andrew T. Davis, senior attorney Andrew Carlon and associate Joana W. Li on tax matters; partner Eric W. Hilfers, practice area attorney Aaron S. Cha and associate Christopher C. Gonnella on executive compensation and employee benefits matters; partner Matthew Morreale on environmental matters; senior attorney Joyce Law and practice area attorney Brian M. Budnick on real estate matters; and associate Christopher P. Davis on intellectual property matters. Mariel V. Mok also worked on M&A matters; Nicholas J. Celli also worked on executive compensation and employee benefits matters; and Geoffrey Xiao also worked on intellectual property matters.

The Kirkland team was led by corporate partner Ryan Harris and associate Ziyad Ziyadzade, along with corporate associates Will Guthrie and Maria Fay Karras and tax partners Gregory Gallagher and Polina Liberman.

Involved fees earner: Lauren Angelilli – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Andrew Carlon – Cravath Swaine & Moore; Aaron Cha – Cravath Swaine & Moore; Andrew Davis – Cravath Swaine & Moore; Christopher Davis – Cravath Swaine & Moore; Christopher Gonnella – Cravath Swaine & Moore; Eric Hilfers – Cravath Swaine & Moore; Joyce Law – Cravath Swaine & Moore; Joana Li – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Matthew Ploszek – Cravath Swaine & Moore; Michael Weil – Cravath Swaine & Moore; Ryan Wichtowski – Cravath Swaine & Moore; Joseph Zavaglia – Cravath Swaine & Moore; Jason Zhang – Cravath Swaine & Moore; Gregory Gallagher – Kirkland & Ellis; Will Guthrie – Kirkland & Ellis; Ryan Harris – Kirkland & Ellis; Maria Fay Karras – Kirkland & Ellis; Polina Liberman – Kirkland & Ellis; Ziyad Ziyadzade – Kirkland & Ellis;

Law Firms: Cravath Swaine & Moore; Kirkland & Ellis;

Clients: Cable One; GTCR; Stephens Capital Partners LLC; The Pritzker Organization;