CPP thinks cable is a good deal; taking a stake in Cablevision

TORONTO and NEW YORK – The Canada Pension Plan Investment Board (CPPIB) and funds advised by BC Partners, together with co-investors, announced today that they have committed to approximately 30% of the equity in Altice’s proposed acquisition of Cablevision Systems Corporation, which was announced on September 17, 2015.“CPPIB and BC Partners are exercising their option to participate pro rata in the Cablevision acquisition as part of CPPIB and BC Partners’ announced agreement to sell a majority stake in Suddenlink to Altice. CPPIB and BCEC IX will each fund 12% of the acquisition in Cablevision, approximately US$400 million each, with the...