TMCnet News
Shamrock Capital Advisors sells Teleguam Holdings to Advantage PartnersJun 10, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- US-based Shamrock Capital Advisors, Inc. has sold Teleguam Holdings, LLC (doing business as GTA TeleGuam), a Guam-based provider of voice, wireless, broadband and digital television services, to Japan-based Advantage Partners LLP. Both Shamrock Capital Advisors and Advantage Partners are private equity firms. Update on February 21, 2011: Advantage Partners has received clearance from the Guam Public Utilities Commission to acquire Teleguam Holdings from Shamrock Capital Advisors. The transaction is expected to complete in mid-2011. Announcement (November 15, 2010): Shamrock Capital Advisors has agreed to sell Teleguam Holdings to Advantage Partners. Barclays Capital, Inc. is acting as financial advisor and Hughes Hubbard & Reed, LLP is acting as legal advisor to Teleguam Holdings. Deutsche Securities, Inc. is acting as financial advisor, while Nagashima Ohno & Tsunematsu and Kirkland & Ellis LLP are acting as legal advisors to Advantage Partners. Deal Type Private Equity Sub-Category Exit Deal Status Completed: 2011-06-10 Deal Participants Target (Company) Teleguam Holdings, LLC |
