Global law firm White & Case LLP has advised Basalt Infrastructure Partners LLP (Basalt) and its fund Basalt III on the acquisition of goetel GmbH and German Network Construction GmbH (together goetel).
Based in Göttingen, Germany, goetel is a leading regional telecommunication infrastructure provider which owns and operates an established and rapidly expanding high speed Fibre To The Home (FTTH) and Fibre to the Cabinet (FTTC) network with a clear focus on the rural areas of the German regions of Hesse, Lower Saxony and North Rhine-Westphalia.
Basalt, which bring valuable experience in the fibre sector, will support goetel in its development and further promote goetel's growth aspirations. The transaction is expected to close during the third quarter of 2021.
Basalt is the exclusive investment advisor to three Basalt funds, which are infrastructure equity investment funds focusing on mid-market investments in utilities, power, transport, and communications infrastructure in North America and Europe.
The White & Case team, which advised on the transaction was led by Marcus Booth (Dubai), Michael Mountain (London) and Matthias Kiesewetter (Hamburg), with support from partners Justus Herrlinger (Hamburg), Thomas Helck and Andreas Lischka (both Frankfurt), local partners Matthias Bochum (Hamburg) and Sebastian Stütze (Frankfurt) and associates Mahir Maini, Sunaina Deol, Valeriya Anopchenko (all London), Andrea Petersen (Dubai), Nico Frehse, Moritz Müller-Buttmann, Stefan Laumeyer, Louisa Maier-Witt (all Hamburg), Micha Gersdorf, Mathias Bogusch, Lea Kaase, Sonja Sehr, Gürkan Akbaba (all Frankfurt) and Christian Crohn (Berlin).
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