Simpson Thacher is representing EQT Infrastructure in connection with its announced majority investment in Spirit Communications, a leading pure-play fiber based data and broadband service provider. The value of the transaction was not disclosed. The transaction is subject to customary regulatory approval and other closing conditions.
EQT is a leading alternative investments firm with approximately €37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than €19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
The Simpson Thacher team includes David Lieberman, Christopher May, Jim Cross, Kyle Kreshover, Angela Wu, Thomas Boyd, Justin Thekkekara and Nadine Thornton (M&A); Brian Steinhardt, Eli Isak and Ariana Evarts (Banking and Credit); Michael Isby, Timothy Mulvihill and Louise Kruger (Environmental); David Rubinsky, Jamin Koslowe and Madeline Sprung-Keyser (Executive Compensation and Employee Benefits); Lori Lesser and Linda Nyberg (Intellectual Property); Krista McManus and Dennis Loiacono (Real Estate); and Jonathan Goldstein and Jasmine Hay (Tax).