Deals and More Deals
by Mike Farrell -- Multichannel News, 1/27/2008 5:00:00 PM MT
The Facts: When Denver-based cable investment banker Daniels & Associates was acquired by RBC Capital Markets last year, the cable dealmaker said it would add the ability to provide debt and bond financing to its quiver. Last week, the firm provided evidence it worked. RBC Daniels and its parent RBC Capital Markets topped a list of deal makers in 2007 — according to information the company gleaned from deal-tracker Thomson Financial — completing 83 transactions for the year valued at $4 billion.
RBC Daniels said 46 of those deals were in the cable, telecommunications, broadcast and Internet services arenas.
RBC Daniels said it led the pack for total deals between 2000 and 2007, logging in 373 transactions during that period.
The Mix: RBC Daniels continued to advise cable companies on a number of deals, including Charter Communications and Wave Broadband. But, in a note of diversity, it also helped raise $36 million in financing for Southern Light, a provider of metropolitan fiber services in the Southeast; helped fixed-wireless service provider Jab Wireless secure $15 million in debt financing; advised boutique private-equity shop Quadrangle Capital Partners in buying Hargray Communications and securing $325 million in debt financing; and helped Conterra Ultra Broadband land a $40 million credit facility.
RBC Daniels Tops In 2007 Cable M&A
01/23/2008Cable-Centric Banks Hiring
03/30/2009RBC Capital Buys Daniels & Associates
11/21/2006GCI Prices Debt Offering
10/30/2009Canadian Bank Buys Daniels
11/26/2006
