The Paris and London Private Equity teams advised HoldCo SAS, a holding company controlled by Xavier Niel, in the financing of the simplified public tender offer for iliad SA shares launched by HoldCo II, a holding company controlled by HoldCo.
The iliad Group is one of the largest telecommunications companies in Europe. It operates in France, Italy and Poland and has 14,700 employees serving 42,7 million subscribers and generated €5.9 billion in revenues in 2020.
At the end of the offer period, if the number of shares not tendered to the Offer does not represent more than 10% of iliad’s share capital and voting rights, HoldCo II will ask the AMF to launch a squeeze-out procedure.
The Goodwin team was led by Frédéric Guilloux and included Arnaud Fromion, Geoff O’Dea, Hugh O’Sullivan, Laurent Bonnet, Alexander Hahn, Jamie Rafferty, and Nadim Islam (Debt Finance); and Charles-Henri de Gouvion Saint Cyr (Tax).
For more details, read the press release.