InfraRed Acquires Proximus Luxembourg Infrastructure in Strategic Expansion
Deal News | Dec 11, 2024 | Orrick
InfraRed Capital Partners is set to acquire Proximus Luxembourg Infrastructure, which manages 267 mobile tower assets supporting Proximus Luxembourg's operations under Tango and Proximus NXT brands. This strategic acquisition aims to bolster InfraRed's position in the telecommunications infrastructure sector in Luxembourg by expanding its tower portfolio to meet increasing customer demands. The acquisition is expected to close in Q1 2025, pending regulatory approvals. Orrick provided advisory services for InfraRed in this transaction, with a team addressing corporate, regulatory, financing, and infrastructure law aspects. Arendt & Medernach offered guidance on Luxembourg law.
Sectors
- Telecommunications Infrastructure
- Legal Services
- Private Equity
Geography
- Luxembourg – Proximus Luxembourg Infrastructure and its assets are based in Luxembourg, making it a central location for the transaction.
- United Kingdom – Orrick has representation from its London office, involving English law aspects, indicating the UK's relevance to the legal advisory component.
Industry
- Telecommunications Infrastructure – The article discusses the acquisition of a company that owns and manages telecommunications infrastructure, specifically mobile tower assets.
- Legal Services – Both Orrick and Arendt & Medernach are legal advisors in the transaction, indicating the relevance of the legal sector.
- Private Equity – InfraRed Capital Partners, a private equity firm, is the acquiring entity in this transaction.
Financials
- – No specific financial details such as deal price or enterprise value are provided in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| InfraRed Capital Partners | Acquirer | Company | A private equity firm involved in the acquisition of Proximus Luxembourg Infrastructure. |
| Proximus Luxembourg Infrastructure | Target | Company | The company that owns and manages mobile tower assets and is being acquired by InfraRed. |
| Orrick | Legal Advisor | Company | Provided legal advice to InfraRed on various aspects of the transaction. |
| Arendt & Medernach | Legal Advisor | Company | Advised InfraRed on Luxembourg law aspects of the acquisition. |