Contact: Robert D. Berger
Tampa, Florida - Communications Equity Associates ("CEA") announced today that it advised USOL Holdings, Inc. in the sale of its private cable television systems in Texas to Ygnition Networks, Inc. The systems serve 18,000 apartment units in 59 properties in Fort Worth and Houston, Texas. CEA also represented USOL recently in the sale of 8,000 apartments units in the Northwest.
Robert D. Berger, Senior Vice President of CEA represented the seller in the transaction. Mr. Berger is based in CEA's Tampa, Florida headquarters.
Founded in 1973, CEA is a leading provider of investment banking services and private equity to the global media and entertainment, communications and information technology industries. With a team of highly experienced personnel worldwide, CEA has an unequaled depth and breadth of industry knowledge, expertise and long-standing industry relationships. CEA has completed over 800 transactions totaling $35 billion in more than 50 countries. CEA's affiliates also manage, co-manage or participate in a worldwide family of private equity funds with committed capital of approximately $1.15 billion for private equity investments in the industries CEA serves. Included in this amount is an ownership interest in the general partner of a $300 million European-based private equity fund. CEA's reputation and track record of success are built on delivering innovative, value-added solutions and services to clients worldwide. CEA Media Group, LLC is a member of the NASD and SIPC.