Altice has just finalized the sale of two of its Portuguese assets, namely Cabovisao, Portugal’s second largest cable operator, and ONI, a B2B web hosting and cloud services provider, to private equity fund Apax Partners. Altice has thus fulfilled the condition on which the European Commission cleared its €7.4bn takeover of Portugal Telecom in 2015.
Advising Altice-Numericable/SFR:
- Franklin: partners Magali Masson and Christian Sauer, assisted by associates Fabian Guéroult and Emmanuel Vrillon-Darcy, on M&A matters.
- Cleary Gotlieb: François Brunet and Séverine Schrameck on competition law issues
- Uria Menendez Lisbon (local counsel): Catarina Tavares
- Perella Weinberg: Financial advisor
Advising Apax Partners:
- Weil Gotshal: partner Alexandre Duguay and associate Adrien Descouture on M&A matters, and partner James Clarke and associate Kavita Mehta on financing issues
- Cohen & Gresser: Guillaume Seligmann, on IT law aspects
- Jones Day: Eric Babier de la Serre, on competition law issues
- Cardigos Lisbon (local counsel): Sofia de Sousa Caetano
