DLA and Weil lead on Vodafone's €7.2bn acquisition of Spain's Ono
DLA Piper and Weil Gotshal & Manges have landed key roles on Vodafone's acquisition of Spanish cable operator Ono, in a deal worth €7.2bn (£6bn). DLA Piper is acting for Vodafone, led by senior partner of DLA Piper Spain, Juan Picon, with Weil acting for Ono's private equity shareholders. The deal marks the first significant mandate for DLA in Spain for Vodafone, which has frequently turned to Linklaters for advice on major corporate matters worldwide. In 2011 DLA joined Olswang winning first-time appointments to Vodafone's group and UK legal panel.
March 17, 2014 at 06:58 AM
2 minute read
DLA Piper and Weil Gotshal & Manges have landed key roles on Vodafone's acquisition of Spanish cable operator Ono, in a deal worth €7.2bn (£6bn).
DLA Piper is acting for Vodafone, led by senior partner of DLA Piper Spain, Juan Picon, with Weil acting for Ono's private equity shareholders.
The deal marks the first significant mandate for DLA in Spain for Vodafone, which has frequently turned to Linklaters for advice on major corporate matters worldwide. In 2011 DLA joined Olswang winning first-time appointments to Vodafone's group and UK legal panel.
At Weil, London private equity partner Marco Compagnoni is leading the team advising Ono's principal shareholders, Providence Equity Partners, CCMP, THLee and Quadrangle, with the sale agreed against a backdrop of a dual track IPO process. Compagnoni was assisted by Lewis Blakey with Oliver Walker providing tax advice and Doug Nave advising on competition matters.
Spanish firm Garrigues provided Spanish law advice to the shareholders, with Renata Mendana at the helm.
Weil previously advised the majority of Ono shareholders in 2010 on a refinancing plan for the Spanish cable company.
The Spanish deal comes after Vodafone's €7.7bn (£6.6bn) acquisition of German cable TV firm Kabel Deutschland in June last year, which saw roles handed to Linklaters and Hengeler Mueller.
The move is set to hand Vodafone 32.4 million mobile, five million broadband and 7.6 million TV customers in Germany.
Linklaters previously missed out on a role on Vodafone's $130bn (£84bn) sale of its 45% stake in US mobile operator Verizon Wireless, which saw roles handed to Slaughter and May and Macfarlanes as well as a host of US firms including Wachtell Lipton Rosen & Katz and Debevoise & Plimpton for Verizon and Simpson Thacher & Bartlett for Vodafone.
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