Simpson Thacher advised Stonepeak in connection with its €2.1 billion equity recapitalisation of euNetworks, a Western European bandwidth infrastructure company. The recapitalisation will be implemented as a sale of euNetworks, anchored by a Stonepeak managed vehicle alongside strategic investments from APG Asset Management and Investment Management Corporation of Ontario.
euNetworks is a leading data center and cloud connectivity provider focused on delivering scalable, fiber-based products and solutions to customers across the wholesale, finance, content, media, data center and enterprise industries. The company owns and operates 17 dense fiber-based metropolitan city networks, connected with long haul networks covering 53 cities in 17 countries.
The Simpson Thacher team included Amy Mahon, Paul Foote, Lloyd Wood, Jewel Zhu, Oliver Heighton, Sam Moon, Harry Smouha, Fran Towers and John Saunders (Corporate); Jonathan Karen, Deborah Gruen, Jeannette Figg and Michael Palizkar (Funds); Jonathan Goldstein and Preston Irace (U.S. Tax); Sarah Lindley and Chris Dorman (U.K. Tax); and Étienne Renaudeau, Mark Skerry, Claire DiMario, Henry Llewellyn and Michael Kalinin (Antitrust).