KKR to Acquire a Minority Stake in Telxius
02.22.17
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Simpson Thacher is representing KKR in connection with its acquisition of an up to 40% stake in Telxius, a leading critical telecom infrastructure owner and service provider in Europe and the Americas which is currently wholly owned by Telefonica, S.A. Telxius owns and operates a large portfolio of nearly 16,000 telecommunication towers and manages an international network with approximately 65,000 kilometers of submarine fibre optic cables. The deal implies an enterprise value of €3.7 billion and is subject to customary closing conditions.
The Simpson Thacher team includes David Shogren, Adam Wollstein, Paula Querol and Luiz Arthur (Tuca) Bihari (Corporate); Kavita Davis and Katie Geraghty (Credit); David Vann and Alessia De Quincey (Antitrust); and Meredith Jones and Joseph Tootle (Tax).