Ropes & Gray and Luther S.A. advised Next Alt S.à r.l. on the financing aspects of its agreement with Altice Europe.
Next Alt S.à r.l, an entity controlled by Patrick Drahi, the founder and majority shareholder of Altice Europe, a leading European cable, telecommunications and entertainment company, entered into an agreement with Altice Europe of an all cash offer valuing the company at EUR4.9 billion.
The recommended all-cash offer of EUR 4.11 per share for all Common Shares A and Common Shares B in the capital of Altice Europe by Next Alt’s subsidiary Next Private is subject to certain customary conditions and is expected to complete in Q1 2021.
Having successfully executed on the operational and financial turnaround strategy and having simplified and strengthened its diversified capital structure, Mr. Drahi expects the proposed transaction will result in a new and exciting chapter for Altice Europe.
The Ropes & Gray team was led by finance partner Michael Kazakevich (Picture). Other members of the team included finance partners Carol Van der Vorst and Aditya Khanna, finance counsel Alexandru Mocanu and finance associates Mark O’Connor and Ashley Wright – all based in London.
Luther team included Eric Sublon, Bob Scharfe, Yann Spiegelhalter and Sinan Ulker.
Involved fees earner: Bob Scharfe – Luther Rechtsanwaltsgesellschaft mbH; Yann Spiegelhalter – Luther Rechtsanwaltsgesellschaft mbH; Eric Sublon – Luther Rechtsanwaltsgesellschaft mbH; Sinan Ulker – Luther Rechtsanwaltsgesellschaft mbH; Michael Kazakevich – Ropes & Gray; Aditya Khanna – Ropes & Gray; Alexandru Mocanu – Ropes & Gray; Mark O’Connor – Ropes & Gray; Carol Van der Vorst – Ropes & Gray; Ashley Wright – Ropes & Gray;
Clients: Next Alt S.à r.l;