The Private Equity team advised long-standing client GTT Communications, Inc. (NYSE: GTT), a global leader in the provisions of cloud networking services, on its definitive agreement to sell its infrastructure business to I Squared Capital for US$2.15 billion. The acquisition is expected to close, subject to satisfying all required regulatory approvals and contingencies included in the agreement, during the first half of 2021.
The infrastructure division of GTT Communications, Inc. consists of the business and activities of providing Pan-European, North American, sub-sea and trans-Atlantic fiber network and data center infrastructure services to customers.
I Squared Capital is an independent global infrastructure investment management firm focusing on energy, utilities, digital infrastructure, transport and social infrastructure.
The Goodwin team was led by Gemma Roberts and included Gretchen Scott, Joanna Keska, Charlie Lord, Katie Leah, James Taylor, Rachel Thurbon, Laura Antuna-Ortega, Leah Black (all London).
For additional details, please read the press release.