A&O acts for Adamo in €250m financing

Allen & Overy has acted for Spanish fiber optic operator Adamo in a €250 million financing that the company will use to expand its fiber optic network

Adamo was the first internet service provider in Spain to offer 1,000Mbps optic fiber services. Its strategy is to deploy its network in rural areas where there is practically no high-speed internet access and there is no presence of other operators.

As Adamo explains, part of this new financing will go towards the return of the €100 million obtained last year that allowed the operator to close 2019 reaching one million homes.
The financing was led by BBVA, Goldman Sachs and Investec, with Kommunal Kredit and ING acting as global coordinators.

LionTree acted as financial advisor and Allen & Overy as legal advisor on the transaction.

Adamo has full support and financial backing of EQT Mid-Market Europe, a € 1.6 billion fund managed by the Swedish investment firm that has extensive experience in the telecommunications sector in Europe.

Allen & Overy Madrid office team was formed by partners Charles Poole-Warren (pictured left) and Íñigo del Val (pictured right) and included senior associate Tom Wilkinson.

A&O acts for Adamo in €250m financing

Desire Vidal

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram