Cellnex Telecom Acquisition Supported by White & Case's Legal Expertise
Deal News | Feb 05, 2025 | CEE Legal Matters
White & Case has played a crucial role in advising the lenders involved in the financing of the acquisition of Cellnex's Austrian business by a consortium. This consortium comprises Vauban Infrastructure Partners, EDF Invest, and MEAG. The acquisition deal, for which regulatory approval has already been received, showcases the strength and diversity of the European investment landscape within the telecommunications infrastructure sector. Additionally, Binder Groesswang and Schoenherr, alongside Hogan Lovells, provided legal advice, highlighting the collaborative efforts required for such significant financial undertakings. The White & Case legal team leading this advisory process included notable professionals based in Paris, underscoring the cross-border nature of the transaction.
Sectors
- Telecommunications
- Legal Advisory
- Private Equity and Investment
Geography
- Austria – The acquisition centers on Cellnex's business operations within Austria.
- Europe – Key participants, such as Cellnex Telecom and Vauban Infrastructure Partners, operate primarily within the European market.
Industry
- Telecommunications – Cellnex Telecom is a key player in the telecommunications infrastructure sector, which is the focus of the acquisition.
- Legal Advisory – White & Case, Binder Groesswang, Schoenherr, and Hogan Lovells provided legal advisement, reflecting the critical role of legal services in M&A.
- Private Equity and Investment – Involvement of Vauban Infrastructure Partners, EDF Invest, and MEAG denotes active participation within private equity and infrastructure investment.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cellnex Telecom | Target Company | Companies | A leading European telecommunications tower and infrastructure operator. |
| White & Case | Legal Advisor | Companies | Advised lenders on acquisition financing. |
| Vauban Infrastructure Partners | Acquirer | Companies | Investment manager through Core Infrastructure Funds, part of the acquiring consortium. |
| EDF Invest | Acquirer | Companies | Investment division of EDF Group, participating in the acquisition consortium. |
| MEAG | Acquirer | Companies | Asset manager of Munich Re and ERGO, part of the acquisition consortium. |
| Binder Groesswang | Legal Advisor | Companies | Reported legal advisors for the lenders alongside White & Case. |
| Schoenherr | Legal Advisor | Companies | Advised sponsors in collaboration with Hogan Lovells. |
| Hogan Lovells | Legal Advisor | Companies | Partnered with Schoenherr to advise sponsors. |