October 23, 2021

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Five firms steer Deutsche Telekom’s T-Cellular stake maximize, unit sale

3 min read

A person walks past the logo of Deutsche Telekom AG at the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. REUTERS/Wolfgang Rattay

  • De Brauw reps Deutsche Telekom in sale of Dutch device
  • Freshfields, Simpson Thacher advise personal fairness customers
  • Cravath, Freshfields guide De Brauw on share improve
  • Sullivan & Cromwell operates with Softbank

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Sept 7 (Reuters) – Five legislation firms are supporting two Deutsche Telekom AG specials truly worth a blended about $13 billion in which the German telecommunications business will raise its stake in T-Mobile U.S. Inc and market a Dutch device.

Deutsche Telekom said on Tuesday it would provide its T-Mobile Netherlands Keeping B.V. device to private fairness investors Apax Companions LLC and Warburg Pincus LLC for 5.1 billion euros ($6.05 billion). It said it would use the proceeds from the sale to enhance its stake in T-Cellular U.S. by a $7 billion share-swap deal with SoftBank Group.

De Brauw Blackstone Westbroek is guiding Deutsche Telekom on the sale of its Dutch device, even though Freshfields Bruckhaus Deringer and Simpson Thacher & Bartlett are counseling Apax Partners and Warburg Pincus.

The De Brauw crew is led by company and mergers & acquisition spouse Lennard Keijzer.

Keijzer formerly recommended T-Cellular Netherlands on its 2020 acquisition of mobile digital community operator Simpel.nl, according to his business profile. He also recommended the Deutsche Telekom unit on its 2018 merger with telecommunications business Tele2 Netherlands.

The Freshfields team performing with T-Mobile Netherlands’ non-public fairness consumers is led by company and M&A partners Markus Paul and Shawn der Kinderen.

Warburg Pincus has tapped Freshfields for various transactions this year, which include its investment in analytics computer software firm Quantexa and its sale of a 25% stake in luxurious clothes manufacturer Reiss, in accordance to business press releases.

Paul is also co-major the group that’s guiding Warburg Pincus and its portfolio firm Infoniqa on the buy of software program seller Sage Schweiz AG, a company push launch suggests.

Apax Companions has teamed up with Simpson Thacher lawyers together with company and M&A husband or wife James Howe and acquisition finance lover Ian Barratt for advice on the transaction.

The non-public equity business is between Simpson Thacher’s longtime purchasers, agency bulletins clearly show. Barratt formerly assisted Apax Partners on arranging financing for a handful of specials, together with for the acquisitions of genuine estate business ADCO Group and Baltic Classifieds Team.

Deutsche Telekom’s economic adviser on the device sale is Morgan Stanley, though the monetary advisers for the private equity corporations are Credit history Suisse and LionTree.

Freshfields and Cravath, Swaine & Moore are also supporting Deutsche Telekom on its offer to obtain T-Cell U.S. shares from Softbank in exchange for issuing Softbank extra Deutsche Telekom shares.

Softbank has paired with a Sullivan & Cromwell staff such as company associates Sarah Payne, Robert DeLaMater, Carsten Berrar and Max Birke funding husband or wife John Estes and tax lover Jeffrey Hochberg.

As a consequence of the offer, the Deutsche Telekom stake in T-Cellular U.S. will improve to 48.4%, even though Softbank becomes the German company’s 2nd-major personal shareholder, in accordance to a press release.

Deutsche Telekom’s fiscal advisers on the share swap are Goldman Sachs and Morgan Stanley.

Examine a lot more:

Deutsche Telekom sells Dutch device to non-public fairness for 5.1 bln euros

Deutsche Telekom lifts T-Cell US stake in SoftBank swap offer

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