Global law firm White & Case LLP has advised EQT Mid Market on the SEK 18.25 billion (€1.71 billion) sale of IP-Only to EQT Infrastructure as well as an earn-out of up to SEK 1 billion (€94 million).
The transaction was signed following a competitive auction process with both industrial and financial buyers.
EQT is a leading investment firm with more than €61 billion in raised capital across 29 funds and around €40 billion in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than €21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
IP-Only is a leading provider of mission critical fiber infrastructure, serving both the B2B and B2C segments with a high capacity, nationwide network and connectivity to other Nordic countries.
The White & Case team which advised on the transaction was led by partner Jan Jensen (Stockholm) with support from associates Patrik Erblad, David Riihonen, Rebecka Tenenbaum (all Stockholm). The team also included partners Caroline Sherrell, Marc Israel (both London) and Axel Schulz (Brussels), counsel Peter Svanqvist (Stockholm) and Sophie Sahlin (Brussels) and associates Thomas Cambidge (London), Emma Josberg, Jonas Brandt, Anders Westling (all Stockholm) and Rebecca Yourstone (London).
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