Mark Fennell, Chris Thomas, Edward Brennan, Tom Dobleman, Emily Hogan
January 24, 2026
Kirkland Advises GTCR and Mega Broadband on Amended Strategic Partnership with Cable One

1 min
AI-made summary
- Kirkland & Ellis represented GTCR LLC and Mega Broadband Investments Holdings LLC (MBI) in amending the terms of Cable One, Inc.’s strategic investment in MBI
- Cable One, which owns 45% of MBI, paid $250 million to other MBI equity holders, who also received $100 million from new MBI debt
- The amendments give Cable One greater control over the timing of acquiring the remaining 55% interest, with any acquisition possible from October 1, 2026, or earlier at Cable One’s discretion.
Kirkland & Ellis advised GTCR LLC and Mega Broadband Investments Holdings LLC (MBI), a leading provider of broadband services across the Southeast, Northwest and Mid-South United States, in connection with the amendment of the terms of Cable One, Inc.’s (NYSE: CABO) strategic investment in MBI. Cable One currently owns a 45% stake in MBI, and affiliates of GTCR and MBI management own the balance of MBI. As part of the amended partnership agreement, Cable One paid $250 million to the other MBI equity holders, and those same other equity holders also received the proceeds from $100 million of new MBI debt. The amendments provide Cable One with enhanced ability to control the timing for acquiring the 55% interest it does not currently own pursuant to the put right held by GTCR, with any such acquisition to occur no earlier than October 1, 2026 unless Cable One elects to close the transaction at an earlier date. Read the transaction press release The Kirkland team included corporate lawyers Mark Fennell, Chris Thomas and Edward Brennan; and debt finance lawyers Tom Dobleman and Emily Hogan.
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Mark Fennell, Chris Thomas, Edward Brennan, Tom Dobleman, Emily Hogan
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