Riverwood and Blackstone’s $190 Million Acquisition of Metrotel


Simpson Thacher advised Riverwood Capital LLC (“Riverwood”) and Blackstone Group L.P. (“Blackstone”) in connection with their proposed acquisition of C.P.S. Comunicaciones S.A. (“Metrotel”) for $190 million from Sociedad Comercial del Plata S.A. and TDC Holdings S.A.

The transaction is subject to regulatory approvals and customary closing conditions.

Metrotel provides telecommunications services in Argentina and operates one of the largest fiber optic networks in the City of Buenos Aires and surrounding area.

The Simpson Thacher team includes Todd Crider (Picture), Borja Marcos and Jiarui Li (M&A); Clare Gaskell and Emily Cornhill (M&A – London); Ismael Duran and Cristina Gonzalez (Credit); and Rob Holo and Jonathan Goldstein (Tax).

Involved fees earner: Todd Crider – Simpson Thacher & Bartlett; Borja Marcos – Simpson Thacher & Bartlett; Clare Gaskell – Simpson Thacher & Bartlett; Emily Cornhill – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Cristina Gonzalez – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone; Riverwood Capital Partners;