Palisade’s Acquisition of equity stake in HCL fiber optic cable business

DLA Piper has advised Palisade Investment Partners Limited (Palisade), on behalf of funds that it manages, on the acquisition of a significant equity stake with board representation in HCL Limited Partnership, HCL LP General Partner Limited and International Connectivity Services Limited.

The HCL groups own and operate the Hawaiki Submarine Cable – a newly constructed 15,000 km submarine fibre optic cable running between Australia, New Zealand, Hawaii and mainland USA. With a design capacity of 42 Tbps, Hawaiki will be the highest cross-sectional capacity link between Australia, New Zealand and the United States.

DLA Piper advised Palisade Investment Partners Limited with a team including Emma Kendall (Picture), with James Philips, Jonathan Higgs, Amina Karcic (M&A), Finance partner Kate Papailiou with Kimberly Eichorn, and Tax partner Eddie Ahn, advising in Australia. In New Zealand the team included Corporate lawyers led by Country Managing Partner, Martin Wiseman, with Sam Wilson and Geoff Ward-Marshall. In the UK, specialist sub-sea cable advice from Mike Conradi and Jennifer Gibbons, and in the US, telecommunications regulatory advice from Nancy Victory and John Beahn.

Involved fees earner: Emma Kendall – DLA Piper; James Philips – DLA Piper; Jonathan Higgs – DLA Piper; Amina Karcic – DLA Piper; Martin Wiseman – DLA Piper; Sam Wilson – DLA Piper; Geoff Ward-Marshall – DLA Piper; Kate Papailiou – DLA Piper; Kimberly Eichorn – DLA Piper; Eddie Ahn – DLA Piper; Nancy Victory – DLA Piper; John Beahn – DLA Piper;

Law Firms: DLA Piper;

Clients: Palisade Investment Partners Limited;

Author: Michael Patrini