Financial Advisor to EON Communications

EON Clients:

  • EON Communications, a start-up broadband communications company focusing on southwest Scotland and northwest England.
  • EON’s planned system would serve approximately 325,000 residential customers and 25,000 business customers.

CEA acted as exclusive financial advisor to EON, raising € 430 million of debt and Equity financing for the construction of EON’s state-of-the-art digital broadband network. Madison Dearborn Partners and TD Capital Communications Partners co-led the £110 million equity financing, with commitments of £57 million and £30 million respectively. Incepta Partners committed £13 million and GE Capital Telecom committed £10 million. TD Securities and the Bank of Scotland arranged syndicated debt financing of £155 million.

CEA's Role:
  • CEA was mandated to find equity and debt financing for a start-up CATV operator in a low density region during the time cable and telecom stocks were at their lowest levels
  • Developed business plan and defined the appropriate capital structure
  • Valued company
  • Identified and selected debt and equity sponsors
  • Led negotiations with debt and equity sponsors
  • Coordinated due diligence
  • Assisted in negotiations throughout the process

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