GTCR’s Acquisition of Consumer Cellular

Kirkland & Ellis LLP served as legal advisor to GTCR, while Kell, Alterman & Runstein, LLP served as legal advisor to Consumer Cellular.

GTCR has signed a definitive agreement to acquire Consumer Cellular, Inc. The transaction is expected to close in the fourth quarter of 2020.

Headquartered in Portland, Oregon, Consumer Cellular, provides postpaid wireless services with a focus on the 50+ demographic. The company currently serves approximately four million subscribers nationwide, providing affordable cellular plans and award-winning customer service.

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries.

Credit Suisse and Raymond James served as financial advisors to GTCR. BofA Securities served as exclusive financial advisor to Consumer Cellular.

The Kirkland team advising GTCR included transactional partners Daniel Guerin (Picture), Lauren Yeager and Stephen Ritchie, and associates Edwin Cruz and Benjamin Vizvary, debt finance partners Chris Butler, Tom Dobleman, Mary Liz Brady, and associate Joe Patterson, employee benefits partners Alexandra Mihalas and associate Jack Amaro, environmental partner Sara Webber and associate Tyler Burgess, labor and employment partner Michael Schulman, real estate partner Roberto Miceli and associate Ashley Thompson, technology & IP transactions partners Seth Traxler and Aaron Lorber and associate Jessie Perlman, and tax partners Polina Liberman and Greg Gallagher and associate Paul Hendrickson.

Involved fees earner: Jack Amaro – Kirkland & Ellis; Mary Liz Brady – Kirkland & Ellis; Tyler Burgess – Kirkland & Ellis; Christopher Butler – Kirkland & Ellis; Edwin Cruz – Kirkland & Ellis; Thomas Dobleman – Kirkland & Ellis; Gregory Gallagher – Kirkland & Ellis; Daniel Guerin – Kirkland & Ellis; Paul Stephens Hendrickson – Kirkland & Ellis; Polina Liberman – Kirkland & Ellis; Aaron Lorber – Kirkland & Ellis; Roberto Miceli – Kirkland & Ellis; Sara Michaelchuck Webber – Kirkland & Ellis; Alexandra Mihalas – Kirkland & Ellis; Joe Patterson – Kirkland & Ellis; Jessie Perlman – Kirkland & Ellis; Stephen Ritchie – Kirkland & Ellis; Michael Schulman – Kirkland & Ellis; Ashley Thompson – Kirkland & Ellis; Seth Traxler – Kirkland & Ellis; Benjamin Vizvary – Kirkland & Ellis; Lauren Yeager – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: GTCR;

Author: Ambrogio Visconti