Debevoise & Plimpton LLP Represents The Carlyle Group in Proposal with Insight Communications Controlling Shareholders to Acquir
07 Marzo 2005 - 6:03PM
PR Newswire (US)
Debevoise & Plimpton LLP Represents The Carlyle Group in
Proposal with Insight Communications Controlling Shareholders to
Acquire Insight Communication's Outstanding Public Shares NEW YORK,
March 7 /PRNewswire/ -- Debevoise & Plimpton LLP is
representing The Carlyle Group in its proposal with Insight
Communications Company, Inc.'s (NASDAQ:ICCI) co-founders Sydney R.
Knafel and Michael S. Willner to acquire the outstanding publicly
held shares of Insight for $10.70 per share in cash. The acquiring
entity will be called New Insight LLC. The proposal values the
total equity of Insight at approximately $650 million and implies
an enterprise value of approximately $2.1 billion (based on
Insight's attributable share of indebtedness). The Carlyle Group is
a global private equity firm with more than $24.5 billion under
management. Carlyle invests in buyouts, venture capital, real
estate, and leveraged finance in North America, Europe, and Asia.
Insight Communications, through a 50/50 partnership with Comcast,
is the 9th largest cable operator in the United States. Debevoise
& Plimpton LLP is a leading international law firm with offices
in New York, London, Paris, Frankfurt, Washington, Moscow, Hong
Kong and Shanghai. The Debevoise team is led by partners Jeffrey J.
Rosen and Andrew L. Bab, and includes partners Peter A. Furci and
Elizabeth Pagel Serebransky and associates James E. Franklin, Lisa
B. Gorrin, Alan M. Levine, John D. L. Rather and Shawn M.
Shillington. DATASOURCE: Debevoise & Plimpton LLP CONTACT:
Robin Shanzer, Media & Public Relations Manager of Debevoise
& Plimpton LLP, +1-212-909-1080
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