EQT Infrastructure’s $950 Million Acquisition of Lumos Networks Corp.


Wells Fargo Securities, LLC and UBS Investment Bank served as co-financial advisors to Lumos Networks in connection with the transaction. Troutman Sanders LLP and Lawler, Metzger, Keeny and Logan, LLC served as legal counsel for Lumos Networks in connection with this transaction. Morgan Stanley & Co. LLC acted as exclusive financial advisor to EQT Infrastructure, and Simpson Thacher & Bartlett LLP and Morgan, Lewis, & Bockius LLP served as legal advisors to EQT Infrastructure.

Lumos Networks Corp. (“Lumos Networks”) (NASDAQ: LMOS), a leading fiber-based service provider in the Mid-Atlantic region, has entered into a definitive agree ment (the “agreement”) to be acquired by the EQT Infrastructure investment strategy (“EQT Infrastructure”), for $18.00 per share, resulting in an enter prise value of approximately $950 million.

The Simpson Thacher team included David Lieberman (Picture), Chris May, Jim Cross, Angela Wu, Justin Thekkekara and Thomas Boyd (M&A); Brian Steinhardt, Eli Isak and Bassam Chain (Banking and Credit); Michael Isby, Timothy Mulvihill and Louise Kruger (Environmental); David Rubinsky, Paul Koppel, Eric Wolf and Monisha Bhayana (Executive Compensation and Employee Benefits); Jason Glover and Robert Lee (Funds); Lori Lesser and Linda Nyberg (Intellectual Property); Krista McManus and Dennis Loiacono (Real Estate); Peter Thomas (Regulatory); and Jonathan Goldstein and Jasmine Hay (Tax).

Troutman Sanders represented Lumos Networks Corp. with David Carter, Mason Bayler, Coby Beck, Heather Ducat, Betty Segaar, Camille Pompei, and Kaitlin Cannavo, employee benefits lawyer Jeff Banish, finance lawyer Hazen Dempster, intellectual property lawyer Mike Hobbs, and tax lawyer Robert Friedman.

Involved fees earner: David Carter – Troutman Sanders; Mason Bayler – Troutman Sanders; Coburn Beck – Troutman Sanders; Heather Ducat – Troutman Sanders; Elizabeth Segaar – Troutman Sanders; Camille Pompei – Troutman Sanders; Kaitlin Cannavo – Troutman Sanders; Jeffery Banish – Troutman Sanders; Hazen Dempster – Troutman Sanders; Michael Hobbs Jr. – Troutman Sanders; Robert Friedman – Troutman Sanders; David Lieberman – Simpson Thacher & Bartlett; Christopher May – Simpson Thacher & Bartlett; Jim Cross – Simpson Thacher & Bartlett; Angela Wu – Simpson Thacher & Bartlett; Justin Thekkekara – Simpson Thacher & Bartlett; Brian Steinhardt – Simpson Thacher & Bartlett; Eli Isak – Simpson Thacher & Bartlett; Bassam Chain – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Louise Kruger – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Paul Koppel – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Jason Glover – Simpson Thacher & Bartlett; Robert Lee – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Linda Nyberg – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Dennis Loiacono – Simpson Thacher & Bartlett; Peter Thomas – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett;

Law Firms: Troutman Sanders; Simpson Thacher & Bartlett;

Clients: EQT Infrastructure LP; Lumos Networks Corp.;

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Author: Ambrogio Visconti