spot_img
Thursday, February 2, 2023
spot_img

W&C, Latham, OC advise on the financing for Lyntia Networks acquisition

White & Case has advised the buyers on the financing for the acquisition, by Swiss Life Asset Managers, Axa Investment Managers, and H.R.L. Morrison -advised by Osborne Clarke UK-, of leading fibre operator Lyntia Networks from Antin Infrastructure Partners, with Latham & Watkins advising the banks

-

Lyntia Networks, the company specialising in wholesale fibre optic networks, has been sold by private equity fund Antin Infrastructure Partners to Swiss-based Swiss Life Asset Managers, French insurance group Axa Investment Managers and New Zealand-based H.R.L. Morrison, a firm specialising in infrastructure management.

The deal has already received the required administrative authorisations, including those of Competition and foreign investment.

Lyntia Networks is a leading wholesale operator in the Spanish telecommunications market and the only neutral provider operating both lit and dark fibre. It owns and operates its own high-quality national fibre network of more than 43,000 kilometres.

The sale of the wholesale telecommunications was announced in May 2022 by Legal Dealmaker, with an open process in which it was finally decided to sell a majority stake to the alliance of Swiss Life and Axa, but it wa later announced that New Zealand’s Morrison took the 33.3% that remained unsold, so that the three shareholders will have similar stakes.

White & Case advised the buyers on the financing for the acquisition with a team fomed by partner and head of the Madrid Banking group Fernando Navarro, counsel Alfonso García Freire and associate Guillermo Manzanares.

Luis Sánchez (left), Pablo Alarcón (top right) and Victoria Morales (bottom right)

Latham & Watkins advised the banks on the financing with a team formed by counsel Luis Sánchez and associates Pablo Alarcón and Victoria Morales.

Sarah Knight and associate Hannah Maidment

On the other hand, Osborne Clarke has advised global infrastructure investment company Morrison & Co on its joint venture with Swiss Life Asset Managers and AXA Investment Management on the acquisition of Lyntia Networks. Osborne Clarke UK team advising on this deal was led by partner Sarah Knight and associate Hannah Maidment.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Montero Aramburu Madrid Tax head partner Isidro del Saz passes away

Isidro was the partner in charge of the Tax practice of the Madrid office of Montero Aramburu Abogados since June 2018, when he joined...

SPB advises Miss Group on Sered acquisition

International fast-growth web hosting business MIss Group has completed its first acquisition of 2023 – web hosting specialist Sered, to further expand its footprint across...

Garrigues helps Urbania with the €30m RE sale in Malaga to AQ Acentor

AQ Acentor, Aquila Capital’s property developer in Spain, invests €30 million to build residential assets in Malaga’s Zeta District. AQ Acentor has acquired three plots...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
- Advertisement -spot_img
error: