Avista Capital Partners Acquires Knology

Avista Capital Partners Acquires Knology

Credit Suisse, Morgan Stanley, RBC Capital Markets, SunTrust Robinson Humphrey and Bank of Tokyo-Mitsubishi have provided fully committed debt financing in connection with the transaction.

Knology is a provider of video, voice, data and advanced communications services to residential and business customers in 10 markets in the southeastern United States and three markets in the Midwestern United States. As of December 31, 2011, Knology had 795,349 total connections. The company is based in West Point, GA (www.knology.com).

WOW! (“WideOpenWest”) is the 13th largest cable company in the United States with over 1.4 million homes passed and over 350,000 subscribers. The company provides cable television, high-speed data and digital telephony services to customers in the greater metropolitan areas of Detroit, Chicago, Columbus and Cleveland. The company is based in Denver, CO (www.wideopenwest.com).

“We’re pleased to have completed this transaction so expeditiously and are excited to operate together as a combined entity. We have the people, network, and operating infrastructure to ensure sustained success. We are honored to welcome Knology employees to the WOW! family and are committed to providing all of our customers with services that meet their needs, at a great value, backed by award-winning customer experiences,” said Colleen Abdoulah, WOW! Chief Executive Officer and Chairwoman of the Board.

Avista Capital Partners makes control or influential minority investments in growth-oriented healthcare, energy, and media companies as well as select industrial and consumer businesses. The firm was founded in 2005 and is based in New York, NY with offices in Houston, TX and London, UK (www.avistacap.com).

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