Posted on July 8, 2008 at 10:53 AM
Filed under: Acquisitions | Case Studies | Corporate Strategy
Tagged: alltel , Goldman Sachs , TPG Capital , verizon communications

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In June, Verizon Communications Inc. announced it will buy wireless provider Alltel Corp. for $28.1 billion. The pending transaction is a case of a shrewd strategic seizing the moment -- and also a case of a couple of private equity investors (TPG Capital and Goldman Sachs Capital Partners) earning 28% on their money in around a year, depending on when the deal closes.

Still curious about the unusual alignments of the debt and wireless markets that led to this outcome? Check out Chris Nolter's analysis in the Deal Newsweekly, part of our "Private equity deals of the year" roundup. - Kenneth Klee


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