Europe Datacentre Deal of the Year
Altice France (SFR) datacentres/ formation of UltraEdge (France)
The formation of UltraEdge, comprising 257 datacentres, and the acquisition of a 70% stake in the venture by Morgan Stanley Infrastructure Partners (MSIP) of 257 datacentres from Altice France representing an enterprise value of E764m.
Financial Advisers: Perella Weinberg (Sell Side)
Legal Advisers: Paul Hasting, White & Case (Buy Side)
Echelon Data Centres (Ireland)
The strategic investment from Starwood Capital Group worth around US$850m to become a 50% shareholder in Echelon Data Centres.
Financial Advisers: Eastdil Secured, Nomura (Sell Side); Deutsche Bank, Morgan Stanley (Buy Side)
Legal Advisers: William Fry (Sell Side); Arthur Cox, Kirkland & Ellis (Buy Side)
Mainova WebHouse (Germany)
The acquisition of a 50.1% stake in Mainova WebHouse by funds managed by BlackRock for an undisclosed amount.
Financial Advisers: Rautenberg & Company, Rothschild (Sell Side); Nomura (Buy Side)
Legal Advisers: Latham & Watkins (Sell Side); Linklaters (Buy Side)
Vantage Data Centers (stabilised assets) (Europe)
The formation of an investment partnership with a consortium of investors led by funds affiliated with the investment management platform of DigitalBridge, MEAG and Infranity, related to certain stabilised Vantage Data Center European assets at approximately E2.5bn.
Financial Advisers: Citi (Sell Side); Rothschild (Buy Side)
Legal Advisers: Linklaters, Loeb & Loeb (Sell Side); DLA Piper (Buy Side)
Vantage Data Centers EMEA (minority stake sale) (Europe)
The acquisition of a significant minority stake in Vantage Data Centers Europe, Middle East and Africa (Vantage EMEA) by AustralianSuper for E1.5bn.
Financial Advisers: UBS (Sell Side); Citi (Buy Side)
Legal Advisers: Linklaters (Sell Side); Herbert Smith Freehills, Homburger, Wolf Theiss (Buy Side)
Verne Global (Finland, Iceland, UK)
The acquisition by Ardian Infrastructure of Verne Global for around £465m.
Financial Advisers: Goldman Sachs (Sell Side); Akur Capital, Nomura (Buy Side)
Legal Advisers: Kirkland & Ellis (Sell Side); Krogerus, Linklaters, Logos (Buy Side)
Europe Fibre Deal of the Year
Ask4 (UK)
The acquisition by GI Partners of ASK4 from Bowmark Capital.
Financial Advisers: DC Advisory (Sell Side); Lazard (Buy Side)
Legal Advisers: Clifford Chance (Buy Side)
Digi FTTH Network (Spain)
The acquisition by a consortium led by Macquarie Capital and comprising abrdn and Arjun Infrastructure Partners of Digi’s fibre-to-the-home business in Spain for E750m.
Legal Advisers: Filip & Company (Sell Side); Allen & Overy, Clifford Chance (Buy Side)
euNetworks (Europe)
The E2.1bn recapitalisation of euNetworks by a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario and APG Asset Management.
Financial Advisers: JPMorgan, Campbell Lutyens & Co, UBS
Legal Advisers: Baker McKenzie, Gowling WLG, Simpson Thacher & Bartlett
Lumen Technologies EMEA (Europe)
The acquisition by Colt Technology Services of Lumen EMEA for US$1.8bn.
Financial Advisers: Morgan Stanley (Sell Side); Evercore (Buy Side)
Legal Advisers: Bryan Cave Leighton Paisner (Sell Side); Baker & McKenzie, Karanovic & Partners (Buy Side)
Telecom Italia Network fixed-line assets (NetCo) (Italy)
The acquisition by investor group, led by KKR, comprising CPP Investments, a wholly owned subsidiary of ADIA, F2i and the Ministry of Economy and Finance of the Italian Government, of NetCo from Telecom Italia in a deal that has an enterprise value of approximately E18.8bn.
Financial Advisers: Equita, Goldman Sachs, LionTree Advisors, Mediobanca, Rothschild, UBS, Vitale & Co (Sell Side); Citi, Evercore, JPMorgan, Morgan Stanley (Buy Side)
Legal Advisers: Carbonetti e Associati Studio Legale, Gatti Pavesi Bianchi Ludovici (Sell Side); Kirkland & Ellis, Linklaters (Buy Side)
VX Fiber (UK)
The combination of InfraBridge’s VXFiber and Lila Connect Ltd with Freedom Fibre Limited (a company owned by Equitix, TalkTalk and among others), with InfraBridge controlling the combined entity.
Financial Advisers: Houlihan Lokey (Sell Side); Cameron Barney (Buy Side)
Legal Advisers: Weil Gotshal & Manges (Sell Side); Ashurst (Buy Side)
Europe Towers Deal of the Year
Cellnex Nordics (Denmark and Sweden)
The acquisition by Stonepeak of a 49% interest stake in Cellnex Sweden and Cellnex Denmark (Cellnex Nordics) for US$769m.
Financial Advisers: AZ Capital (Sell Side); Guggenheim Securities, Nomura (Buy Side)
Legal Advisers: Baker McKenzie (Sell Side); Herbert Smith Freehills, Plesner, Setterwalls (Buy Side)
Cornerstone Telecommunications Infrastructure (UK)
The acquisition of a minority stake (16.67%) in mobile tower joint venture Cornerstone by GLIL for US$437.5m from majority shareholder Virgin Media O2.
Financial Advisers: Goldman Sachs, JPMorgan (Sell Side); Nomura (Buy Side)
Legal Advisers: Herbert Smith Freehills (Sell Side)
Telekom Srbija’s tower portfolio (Serbia, Bosnia & Herzegovina and Montenegro)
The acquisition of all of Telekom Srbija’s macro tower portfolio in Serbia (c. 1000 towers), Bosnia & Herzegovina (c. 700 towers) and Montenegro (c. 100 towers) by an Actis-led consortium for around US$326.77m. As part of the transaction, independent tower company Connectis Tower was established.
Financial Advisers: Deloitte, UniCredit (Sell Side); BNP Paribas (Buy Side)
Legal Adviser: Clifford Chance (Sell Side); CMS, Simpson Thacher & Bartlett, White & Case (Buy Side)
Vantage Towers (Europe)
Vodafone’s sale of a further 10% stake in Oak Holdings – the partnership that co-controls Vantage Towers – for E1.3bn. This further sale achieves the 50:50 joint ownership structure with the consortium led by Global Infrastructure Partners (GIP) and KKR that was envisaged when the co-control partnership was first announced in 2022.
Legal Advisers: Linklaters (Sell Side)