Clifford Chance and Bird & Bird advise on €133m Alticom sale

Clifford Chance advised Infracapital, the infrastructure equity investment arm of M&G Investments, on the sale its 100 per cent equity stake in Alticom to Cellnex.

Cellnex was advised by Bird & Bird on the deal.

The transaction was valued at €133.1 million, according to Mergermarket.

Infracapital acquired Netherlands-based Alticom, a communications infrastructure provider, in 2011. Alticom has annual EBITDA (earnings before interest, tax, depreciation and amortization) of €10 million. The company owns 24 towers and 6 masts, which support a nationwide communications network in the Netherlands. Alticom leases space in these towers and masts, providing a number of additional services such as power supply and cooling to all telecommunications operators in the Netherlands.

Infracapital is a leading European infrastructure investor, which has raised £3 billion across four European infrastructure funds to date.