Acquirer: Macquarie Infrastructure and Real Assets (Australia)
Acquired: Cincinnati Bell Inc. (US)
Value: US$2.9 billion
Industry: Telecommunications; Infrastructure
On March 13, 2020, Cincinnati Bell Inc. “entered into an Agreement and Plan of Merger (the “MIP Merger Agreement”) pursuant to which the Company will be acquired by an affiliate of Macquarie Infrastructure Partners V (‘MIP’), a fund managed by Macquarie Infrastructure and Real Assets (the ‘MIP Merger’).” (Cincinnati Bell Inc. Form 10-Q, Apr. 23, 2021, SEC Filing.) Macquarie Infrastructure and Real Assets is affiliated with the Macquarie Group, and Macquarie Group Limited is a publicly traded Australian financial services company (ASX: MQG). (See Macquarie Infrastructure and Real Assets web site, “Who we are” web page.) “In the first quarter of 2021, . . . the consummation of the MIP Merger was approved by CFIUS.” (Cincinnati Bell Inc. Form 10-Q, Apr. 23, 2021, SEC Filing.)
Please contact Peter Alfano with any questions.