KKR to Acquire Majority Stake in Deutsche Glasfaser
07.21.15
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Simpson Thacher is representing Kohlberg Kravis Roberts & Co. L.P. in connection with the acquisition of a majority stake in Deutsche Glasfaser (“DG”), which is currently fully owned by Reggeborgh, a leading Dutch investment firm. DG plans, constructs and operates fiber-optic networks in Germany and provides German households and companies with fast broadband connections. In a joint effort, the two partners will provide DG with the long-term capital to embark on an ambitious growth program whereby approximately €450 million is to be invested in the further rollout of the German fiber optics infrastructure over the next few years. The transaction is subject to customary regulatory approvals.
The Simpson Thacher team for the transaction includes Nicolas Wehrli and Rita Soares (M&A); David Vann, Tara Kelly and Alessia De Quincey (Competition); and Meredith Jones and Joseph Tootle (Tax).