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.
