Franklin advises Altice for the sale of stakes in its French and Portuguese telecom tower business
Altice Europe has entered into exclusive negotiations with the US investment fund KKR for the sale of a 49.99% stake in its to be formed French tower company, which will group its 1,200 tower sites in France and valued at €3.6bn.
On the same day, Altice Europe has entered into an agreement with a consortium composed of Morgan Stanley Infrastructure and Horizon Equity Partners for the sale of 75% stake of its newly formed Portuguese tower company, with a portfolio of 2,961 tower sites and valued at €660 million.
The teams of Franklin have advised on both deals:
- Christian Sauer, Partner, Pierre Faure and Paul Ast, associates, M&A-corporate department ;
- Julie Catala Marty, Partner and Rémi Beydon, associate, advised on Antitrust aspects ;
- Jean-Pierre Delvigne, Of Counsel, and Jean-Philippe Minaud, associate, advised on regulatory matters,
- Magali Masson, Partner in Franklin’s M&A-corporate department advised on the Portuguese deal alongside Portuguese firm Vieira de Almeida & Associados.
Altice Europe was also advised by:
- On financing aspects: Ropes & Gray (London) with Michael Kazakevich (Partner), Aditya Khanna (Counsel) and Ana Biloglav ;
- On Tax: Mayer Brown in Paris with Lorent Borey (Partner), Nicolas Danan and Louis Nayberg ;
- J.P. Morgan et Lazard.