Clifford Chance on the acquisition of an stake in Onivia

Clifford Chance has advised Arjun Infrastructure Partners and Aberdeen Investments on their acquisition of an additional stake in Onivia, Spain’s leading independent fibre network operator, now holding a 40% stake each. As a result, Arjun and Aberdeen, have become majority shareholders in Onivia, while Macquarie Capital holds the remaining 20% stake. All three investment firms will continue to co-control Onivia.

Onivia is a neutral and independent telecom operator that wholesales bitstream services in the main Spanish cities and their metropolitan areas, and in a large number of smaller municipalities in rural areas all over the country. Onivia facilitates the growth of telecommunications operators through a solid and competitive FTTH infrastructure provided by a team of upstanding and expert people who adapt to the customer and their needs.

The firm has provided support to both Arjun Infrastructure Partners and Aberdeen Investments through a multidisciplinary and cross-border team that included professionals from the Madrid and London offices.

The firm team was led by partners Samir Azzouzi and María Sabau (pictured), together with senior associates Pablo Hernández, Patricia Puertas and Beatriz González, as well as associates José Jordana de Pozas and José Loring. The London team involved in the transaction included senior associate James McMillan, as well as associate Ross Nixon.