Apax Partners and Warburg Pincus’ €5.1 Billion Acquisition of T-Mobile Netherlands

Apax Partners and Warburg Pincus' €5.1 Billion Acquisition of T-Mobile Netherlands

De Brauw advised Deutsche Telekom AG on the deal. Clifford Chance advised Tele2. Freshfields Bruckhaus Deringer advised Apax and Warburg Pincus. Simpson Thacher advised Funds advised by Apax Partners.

Deutsche Telekom and Tele2 completed the saleof T-Mobile Netherlands to an entity jointly controlled by funds advised by Apax Partners LLP and Warburg Pincus LLC for an enterprise value of EUR 5.1 billion.

The transaction marks the completion of Deutsche Telekom’s strategic review of T-Mobile NL which was announced at the May 2021 Capital Markets Day. It follows the EUR 0.7 billion divesture of its Dutch mobile tower business earlier this year.

The Apax / Warburg Pincus consortium has long-standing experience and differentiated strategic value add in the telecommunications sector and will support T-Mobile Netherlands and its management team in the next stage of their growth strategy.

The transaction is subject to customary closing conditions, including regulatory approvals and consultation with employee representatives.

The De Brauw team included Barbara Kloppert, Ferdinand Hengst, Helen Gornall, Henk van Ravenhorst, Lennard Keijzer, Mark Rebergen, Stephanie The, Arjan Kleinhout, Etiënne Dijkhorst, Peter Nolten, Annelieke Anbeek, Bertrand ter Woort, Daniël van Gerven, Else Loop-Rowel, Emilia Zalewska, Erica Teeuwen,
Esther Huijzer, Jan Wytze Haanstra, Jasper van Uden, Marlieke Schipper, Myora Kuipers, Paul Post, Peter Spijker, Rick van ‘t Wout, Thijs Elseman, Tristan Peters, Anfernee Leemans, Bart Hylkema, Bob de Waard, Bogdan Nae, Dennis de Feij, Geert Lokhorst, Hama Othman,
Isabel Westra, Jonathan de Geus, Lars Buiten,
Nienke Peters, Oliver Whitehead, Pim Siemons.

The Clifford Chance team was led by Gregory Crookes and included Joachim Fleury, Pieter Leefers, Jaap Tempelman, Folko de Vries, Floris van de Bult and Michiel Sunderman.

The international Freshfields team operated out of Frankfurt, Amsterdam, Hamburg and Vienna. It is led by partners Markus Paul and Shawn der Kinderen and associates Carsten Haak and Christopher Yarrow and included Charlotte Kriekaard, Maximilian Hobuß, Tijn Mandema, Mirjam Meyer, Marlies de Wilde, Mark Maarschalkerweerd, Fabienne Tichelmann and Melissa Aldershof. Philipp Dohnke, Philipp Lehmann, Jan-Jaap Koningsveld, Hiske Roos and Philipp Simon advised on separation, IP and data matters. Regulatory advice was provided by Igor Dovgaliouk, Felix Roscam Abbing, Marcus Brabers, Max Immerzeel, Sharon Sloof, Tim van Helfteren and Bart Verheijen. Brechje Nollen, Babette Koning and Julia van Heusden advised on employment law aspects and Bob van Kasteren and Erisa Nuku on tax matters. Sanctions and compliance advice was provided by Stephan Denk, Lukas Pomaroli and Iris Hammerschmidt.

The Simpson Thacher team included Partner James Howe and Associates James Campisi and Jason Yue (M&A). Partner Ian Barratt and Associate Hannah Ho (Banking and Credit).

Involved fees earner: Gregory Crookes – Clifford Chance; Folko de Vries – Clifford Chance; Joachim Fleury – Clifford Chance; Pieter Leefers – Clifford Chance; Michiel Sunderman – Clifford Chance; Jaap Tempelman – Clifford Chance; Floris van de Bult – Clifford Chance; Annelieke Anbeek – De Brauw Blackstone Westbroek; Etiënne Dijkhorst – De Brauw Blackstone Westbroek; Helen Gornall – De Brauw Blackstone Westbroek; Ferdinand Hengst – De Brauw Blackstone Westbroek; Esther Huijzer – De Brauw Blackstone Westbroek; Lennard Keijzer – De Brauw Blackstone Westbroek; Arjan Kleinhout – De Brauw Blackstone Westbroek; Barbara Kloppert-van Duren – De Brauw Blackstone Westbroek; Else Loop-Rowel – De Brauw Blackstone Westbroek; Peter Nolten – De Brauw Blackstone Westbroek; Paul Post – De Brauw Blackstone Westbroek; Mark Rebergen – De Brauw Blackstone Westbroek; Erica Teeuwen – De Brauw Blackstone Westbroek; Bertrand ter Woort – De Brauw Blackstone Westbroek; Stephanie The – De Brauw Blackstone Westbroek; Daniël van Gerven – De Brauw Blackstone Westbroek; Henk van Ravenhorst – De Brauw Blackstone Westbroek; Jasper van Uden – De Brauw Blackstone Westbroek; Jan Wytze Haanstr – De Brauw Blackstone Westbroek; Marlies de Wilde – Freshfields Bruckhaus Deringer LLP; Stephan Denk – Freshfields Bruckhaus Deringer LLP; Shawn der Kinderen – Freshfields Bruckhaus Deringer LLP; Philipp Dohnke – Freshfields Bruckhaus Deringer LLP; Igor Dovgaliouk – Freshfields Bruckhaus Deringer LLP; Carsten Haak – Freshfields Bruckhaus Deringer LLP; Maximilian Hobuss – Freshfields Bruckhaus Deringer LLP; Max Immerzeel – Freshfields Bruckhaus Deringer LLP; Babette Koning – Freshfields Bruckhaus Deringer LLP; Jan-Jaap Koningsveld – Freshfields Bruckhaus Deringer LLP; Charlotte Kriekaard – Freshfields Bruckhaus Deringer LLP; Philipp Lehmann – Freshfields Bruckhaus Deringer LLP; Mark Maarschalkerweerd – Freshfields Bruckhaus Deringer LLP; Tijn Mandema – Freshfields Bruckhaus Deringer LLP; Mirjam Meyer – Freshfields Bruckhaus Deringer LLP; Brechje Nollen – Freshfields Bruckhaus Deringer LLP; Erisa Nuku – Freshfields Bruckhaus Deringer LLP; Markus Paul – Freshfields Bruckhaus Deringer LLP; Lukas Pomaroli – Freshfields Bruckhaus Deringer LLP; Hiske Roos – Freshfields Bruckhaus Deringer LLP; Felix Roscam Abbing – Freshfields Bruckhaus Deringer LLP; Philipp Simon – Freshfields Bruckhaus Deringer LLP; Sharon Sloof – Freshfields Bruckhaus Deringer LLP; Tim van Helfteren – Freshfields Bruckhaus Deringer LLP; Julia Van Heusden – Freshfields Bruckhaus Deringer LLP; Bob van Kasteren – Freshfields Bruckhaus Deringer LLP; Bart Verheijen – Freshfields Bruckhaus Deringer LLP; Christopher Yarrow – Freshfields Bruckhaus Deringer LLP; Ian Barratt – Simpson Thacher & Bartlett; James Campisi – Simpson Thacher & Bartlett; Hannah Ho – Simpson Thacher & Bartlett; James Howe – Simpson Thacher & Bartlett; Jason Yue – Simpson Thacher & Bartlett; Myora Kuipers – Stibbe; Marlieke Schipper – Stibbe; Emilia Zalewska – Stibbe;

Law Firms: Clifford Chance; De Brauw Blackstone Westbroek; Freshfields Bruckhaus Deringer LLP; Simpson Thacher & Bartlett; Stibbe;

Clients: Apax Partners; Deutsche Telekom; Tele2; Warburg Pincus;

Author: Federica Tiefenthaler