GI Partners’ Acquisition of Vast Broadband


Weil, Gotshal & Manges acted as legal counsel to GI Partners, while Alston & Bird acted as legal counsel to Vast Broadband on the deal.

GI Partners, an investor in data infrastructure businesses in the United States, executed its acquisition of Vast Broadband, a provider of high-speed broadband, video and phone services to more than 60,000 residential and business customers in South Dakota and Minnesota. Financial terms of the transaction have not been disclosed. The transaction is subject to regulatory and stockholder approvals, and other customary closing conditions.

The Weil team advising GI Partners was led by Private Equity Co-Head Doug Warner (Picture) and included Private Equity counsel Philip Wolf and Private Equity associates Kimberly Snyder and Rachel Lowitz (Not Yet Admitted in New York). The team also included Banking & Finance partner Allison Liff; Banking & Finance associates Justina Chen and Jacob Cardinal (Not Yet Admitted in New York); Tax partner Jonathan J. Macke; Tax associate Carlos Parra; Executive Compensation & Benefits partners Michael Nissan and Sarah Downie; Executive Compensation & Benefits associate Lauren Sawyer (Not Yet Admitted in New York); Technology & IP Transactions partner Jeffrey Osterman; Technology & IP Transactions associates Alexa Clinton (Admitted in California Only) and Caleb Small (Not Yet Admitted in New York); Cybersecurity, Data Privacy & Information Management associate Robert Brown; Environmental Head Annemargaret Connolly; Environmental associate J. Caleb Anderson; Antitrust counsel Vadim Brusser; Employment Litigation partner Nicholas Pappas and Employment Litigation associate Quinn Christie.

Involved fees earner: Caleb Anderson – Weil, Gotshal & Manges; Robert Brown – Weil, Gotshal & Manges; Vadim Brusser – Weil, Gotshal & Manges; Jacob Cardinal – Weil, Gotshal & Manges; Justina Chen – Weil, Gotshal & Manges; Quinn Christie – Weil, Gotshal & Manges; Alexa Clinton – Weil, Gotshal & Manges; Annemargaret Connolly – Weil, Gotshal & Manges; Sarah Downie – Weil, Gotshal & Manges; Allison Liff – Weil, Gotshal & Manges; Rachel Lowitz – Weil, Gotshal & Manges; Jonathan Macke – Weil, Gotshal & Manges; Michael Nissan – Weil, Gotshal & Manges; Jeffrey Osterman – Weil, Gotshal & Manges; Nicholas Pappas – Weil, Gotshal & Manges; Carlos Parra – Weil, Gotshal & Manges; Lauren Sawyer – Weil, Gotshal & Manges; Caleb Small – Weil, Gotshal & Manges; Kimberly Snyder – Weil, Gotshal & Manges; Doug Warner – Weil, Gotshal & Manges; Philip Wolf – Weil, Gotshal & Manges;

Law Firms: Weil, Gotshal & Manges;

Clients: GI Partners;

Author: Ambrogio Visconti