The Filip & Company team has advised DIGI Spain Telecom S.L.U on a complex transaction with Sota Investments Spain OpCo, S.L.U., a company controlled by a consortium formed by Macquarie Capital, abrdn and Arjun Infrastructure Partners, some of the largest international infrastructure funds, for the sale by Digi Spain of an FTTH network developed in 12 provinces in the regions of Madrid, Segovia, Avila, Castilla-La Mancha, Comunidad Valenciana and Murcia. The value of the transaction was up to EUR 750 million. Following the transaction, DIGI Spain will continue to serve its customers using the same network and will be managed by Onivia, a large Spanish infrastructure operator controlled by the consortium of funds that acquired the network.
The transaction is subject to closing conditions such as FDI and merger control clearance.
“It is one of the biggest infrastructure deals of the year in Europe. DIGI’s international growth strategy has helped the group become a major player in the European telecoms market and DIGI’s operations in Spain have grown spectacularly based on significant investment and excellent competitive performance. This transaction confirms the strong interest of major international investors in being part of the rapid development of this truly European group and opens up new opportunities and horizons for DIGI. We are proud to have had the opportunity to contribute to this remarkable achievement and to witness the ongoing transformation of the DIGI Group. It was again an excellent team effort, we thank them for their trust and look forward to seeing how they will develop in this context”, said Alexandru Bîrsan, partner and head of Mergers, acquisitions and capital markets at Filip & Company.
The Filip & Company team that assisted RCS & RDS on this project consisted of Alexandru Bîrsan (partner), Anca Bădescu (associate), Cătălin Suliman (partner), Camelia Ianțuc (senior associate), Diana Gavra (senior associate) and Bianca Gheorghe (associate).
The lawyers at Filip & Company have had important roles in many of the key M&A transactions in Romania. Whether they were privatisations, private equity, venture capital or growth capital transactions or other complex M&A, in most of the cases, at least one of the parties was legally assisted by Filip & Company. Furthermore, the lawyers at Filip & Company are ranked first in the most prestigious international legal directories – Chambers and Partners and Legal 500 – with their M&A practice, both as a team as well as individually.
Filip & Company
Filip & Company is one of the leading law firms in Romania providing top quality assistance in all relevant areas of law for businesses operating in Romania or considering Romania. Specialized in complex projects that require an innovative approach, Filip & Company lawyers have significant experience in various areas, such as infrastructure and concession, mergers and acquisitions, energy, corporate, real estate, competition law, finance, and capital markets but also labour law, data protection, consumer or environment protection. The law firm also provides legal assistance and representation in disputes and arbitrations with significant implications for the clients’ businesses. Please visit www.filipandcompany.com to find out more about Filip & Company’s expertise areas and team.
