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ABRY Partners Buys RCN
3/5/2010
Davis Polk & Wardwell LLP is advising Deutsche Bank Securities Inc. as financial adviser to the special committee of the board of directors of RCN Corporation in connection with its $1.2 billion acquisition by ABRY Partners. The transaction has fully committed financing and is expected to be completed in the second half of 2010.

RCN Corporation is a competitive broadband services provider whose primary service areas include Washington DC, Philadelphia, Lehigh Valley (PA), New York City, Boston and Chicago. Boston-based ABRY Partners is a media and communications-focused private equity investment firm in North America.

The Davis Polk corporate team includes partners Phillip R. Mills and James A. Florack and associate Andrew M. Delia, all of the New York office.