Kinstellar has advised GTT Communications on the USD 2.15 billion sale of its business infrastructure in Central, Southern, and Eastern Europe to I Squared Capital. Linklaters advised the buyer on the deal.
The acquisition, which is subject to regulatory approvals in Bulgaria, the Czech Republic, Slovakia, Hungary, Romania, Ukraine, and Serbia, is expected to close during the first half of 2021.
GTT Communications is a multinational telecommunications and Internet service provider company with headquarters in Tysons, Virginia.
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecom and transport in the Americas, Europe and Asia. The firm has offices in Hong Kong, London, Miami, New Delhi, New York and Singapore.
Kinstellar’s multi-office team consisted of, in Bulgaria, Partner Diana Dimova, Managing Associate Nina Tsifudina, Senior Associate Zornitsa Georgieva, and Junior Associate Petar Popov; in the Czech Republic, Partner Jan Juroska and Junior Associate Matej Vececa; in Hungary, Partner Anthony O'Connor and Senior Associate Agnes Zsofia Szabo; in Romania, Partner Zsuzsa Csiki and Senior Associate Mihai Coada; in Slovakia, Partner Adam Hodon and Junior Associate Livia Miklencicova; in Ukraine, Partner Iryna Nikolayevska and Senior Associate Viktoriia Dobrynska; and in Serbia, Partner Branislav Maric and Senior Associate Andreja Vrazalic.
Linklaters’ team in London included Partners Will Aitken-Davies, Nemone Franks, Chris Smale, and Marly Didzian, Counsel Jamie Coomber, Senior Associate Daniel Law, Managing Associates Peter McCabe and Marcus Bagnall, Associates Rohan Dey, Danny Greenland, Jennifer Au, Sahana Keshav, and Kaiya Kim-Saville. The firm’s team in Brussels was led by Managing Associate Neil Hoolihan.