TMT M&A Awards 2019 Deal Shortlists - To Be Announced September 5

TMT M&A Awards 2018 Deal Shortlists - 21 Categories 

TMT M&A Adviser of the Year - EMEA:

  • Arma Partners
  • Credit Suisse
  • Goldman Sachs 
  • JP Morgan
  • Lazard
  • LionTree
  • Morgan Stanley

TMT M&A Financing Bank of the Year - EMEA:

  • BNP Paribas 
  • Credit Agricole-CIB 
  • ING Bank
  • Raiffeisen Bank International
  • Société Générale

TMT M&A Growth Story 2018:

  • Access Group (UK)
  • CityFibre (UK)
  • Deutsche Glasfaser (GERMANY)
  • Exclusive Networks (FRANCE)
  • Omantel (OMAN)
  • Stream Technologies (UK)

TMT Private Equity Firm 2018:

  • Antin Infrastructure
    For the acquisition of Ufinet Spain, FirstLight Fiber and investment into Cityfibre 
  • Cinven 
    For the sale and acquisition of Ufinet Spain and Ufinet International 
  • EQT
    For the acquisition of Caiway and Saxo Payments Banking Circle, SUSE and the disposal of Sportradar, Broadnet and IslaLink
  • Hg
    For the restructuring of IRIS Software Group and the sale of Ullink
  • Silver Lake
    For the acquisition of Zoopla Prime Location
  • Stonepeak Infrastructure
    For the investment into euNetworks

Woman TMT M&A Leader of the Year - 2018:

  • Allison Kirkby, President and Group CEO, Tele2
  • Carolyn McCall, CEO, ITV
  • Jennifer Smith, CFO, EuNetworks
  • Laurence Hainault, Head of EMEA Telecoms, Credit Suisse
  • Madonna Park, Managing Director, TMT, RBC Capital Markets
  • Nina Triantis, Global Head of TMT, Standard Bank

TMT M&A Leader of the Year - 2018:

  • Andrea Salvato, Chief Development Officer, Liberty Global 
  • Chris McKee, General Counsel and EVP, Corporate Development, GTT
  • Jake Donavan, President of Europe, LionTree
  • Jeremy Darroch, CEO, Sky
  • Laurence Hainault, Head of EMEA Telecoms, Credit Suisse
  • Pierre Klotz, Head of M&A, Vodafone Group

TMT Due Diligence Adviser of the Year:

  • EY
    For financial and commercial due diligence work on 120+ transactions in the global TMT sector, including key transactions involving companies such as Vodafone, Baidu Financial Service Group, Bharti Infratel, Broadnet, Telia, Civica, SK Hynix Inc. and Link Mobility. 
  • MCKINSEY & COMPANY 
    For 100+ due diligence roles in European TMT (large corporate and private equity) in the past 12 months, which includes a role in most of the largest transactions over the period. 
  • STRATEGY& (PWC)
    For vendor due diligence and buy-side due diligence on 30+ transactions in the TMT sector, across a range of subsectors. Building on the acquisition of strategy consultants Booz & Co by PwC, the Strategy& UK team has built capability across TMT verticals, such as software, managed ICT services, B2B media, events & exhibitions, and cybersecurity. 
  • SOLON MANAGEMENT CONSULTING 
    For commercial buy-side and sell-side due diligence work on 128 transactions, from Hong Kong through to Latin America and Africa, and Western Europe. Sectors include: B2B and B2C media, software, satellite, mobile financial services, broadcast technology, hosting and cloud, fiber, long haul, metro, FTTH and FTTB, cable, datacentres, telecom towers, telecom B2B resellers, among others. 

TMT M&A Legal Adviser of the Year:

  • ASHURST 
    For work on transactions including: Digital Colony’s agreement to acquire Digita Oy; Facebook on a number of telecoms infrastructure deals across EMEA and APAC; Cell C on its roaming agreement with MTN South Africa; and Virgin Media on its strategic cooperation with Sky. 
  • CLIFFORD CHANCE 
    For work on transactions including: the sale of Ufinet Group; Toshiba on its share placement; Tencent’s acquisition of NIO Inc; Adyen on its IPO; KKR on the acquisition of a 40% stake in Telxius; and Imagination Technologies Group’s takeover offer by Canyon Bridge, among others. 
  • CMS
    For work on transactions including: Vodafone’s E18.4bn takeover of Liberty Global’s European assets; Advance/Newhouse Partnership’s agreement to buy Stage Entertainment; CityFibre on its £537.8m takeover by Goldman Sachs’ West Street Infrastructure Partners; and euNetworks’ merger with Stonepeak Infrastructure Partners. 
  • DECHERT  
    For work on transactions including advising South Korean memory chip manufacturer SK Hynix Inc as one of the members of a consortium (led by Bain Capital), which acquired Toshiba Memory Corporation (TMC) for US$18bn.
  • DENTONS 
    For work on transactions including: Modern Times Group’s sale of TRACE to TPG Growth; Silknet’s acquisition of Geocell; Stonepeak’s acquisition of EuNetworks; Stream Technologies’ acquisition by Arm; and Brazil’s Telebras on its strategic agreement with Viasat. 
  • HERBERT SMITH FREEHILLS 
    For work on transactions including: Time Warner’s clearance to acquire AT&T for US$109bn; Sky’s £26bn takeover offer from Comcast; TPG Telecom’s proposed AU$15bn merger with Vodafone Hutchison Australia; Softbank’s US$2.5bn equity funding in Grab; and I Squared on its US$1.86bn acquisition of Hutchison Global Communications
  • LINKLATERS 
    For work on transactions including advising Com Hem on the SEK36.7bn (US$4.1bn) statutory merger with Tele2, two Swedish leading mobile services, broadband and telephony services providers.
  • NORTON ROSE FULBRIGHT 
    For work on transactions including the US$11bn merger between Vodafone Hutchison Australia (VHA) and TPG Telecom (TPG) in Australia’s telecommunications sector. 
  • SQUIRE PATTON BOGGS 
    For work on transactions including advising an international bank on the regulatory and merger control aspects of various EU mobile mergers, involving Hutchison; an attempted MBO of assets from Fintur in Eastern Europe ($500m); advising a global cloud-based communications provider on the acquisition of a global competitor ($400m), among others. 


Telecom M&A Deal of the Year - EMEA: 

  • COM HEM (SWEDEN) – US$3.1bn 
    Tele2’s acquisition of Com Hem from Kinnevik
    Advisers: Citi (Tele2); LionTree (Kinnevik) and Goldman Sachs (Com Hem)
  • EIR (IRELAND) – E650m 
    NJJ & Iliad’s acquisition of eir from Anchorage, Davidson Kempner and GIC
    Advisers: Lazard (NJJ); Société Générale (Iliad); LionTree (GIC, Anchorage, Davidson Kempner)
  • GET/ TDC NORWAY (NORWAY) – US$2.6bn 
    Telia’s acquisition of TDC Norway and GET from TDC
    Bank of America Merrill Lynch and LionTree (Telia); Barclays, Goldman Sachs and Morgan Stanley (TDC)
  • TDC (DENMARK) – US$6.7bn 
    Macquarie-led consortium’s acquisition of TDC
    Advisers: Barclays and Nordea (Macquarie consortium); LionTree and Morgan Stanley (TDC shareholders)
  • TELENOR ASSETS (VARIOUS, CEE) – E2.8bn 
    PPF’s acquisition of Telenor’s Central and East Europe assets 
    Advisers: Société Générale and BNP Paribas (PPF); LionTree (Telenor)
  • UPC AUSTRIA (AUSTRIA) – E1.9bn 
    Deutsche Telekom’s acquisition of UPC Austria from Liberty Global
    Advisers: Credit Suisse, Citi (Deutsche Telekom); LionTree (Liberty Global)
  • WINDTRE (ITALY) – E2.45bn 
    Hutchison’s acquisition of Veon’s stake in WindTre
    Advisers: Moelis & Co (Hutchison); Citi and LionTree (Veon)

Mid-Cap Telecom M&A Deal of the Year - EMEA: 

  • CAIWAY (NETHERLANDS) – E453m
    EQT’s acquisition of Caiway from Rabo Bouwfonds Communication Infrastructure 
    Advisers: Morgan Stanley (EQT); ING (Rabo Bouwfonds)
  • GEOCELL (GEORGIA) – US$153m
    SilkNet’s acquisition of Geocell from Fintur Holdings (Telia, Turkcell)
    Advisers: Houlihan Lokey and Erneholm Haskel (SilkNet)
  • INEA (POLAND) – undisclosed (c. E400m) 
    Macquarie Infrastructure & Real Assets Advisers acquisitions of INEA from Warburg Pincus
    Advisers: UBS (Warburg Pincus); Rothschild (Macquarie)
  • INVITEL ASSETS (HUNGARY) – E148.8m 
    Digi Communications’ acquisition of Invitel assets from CEE Equity Partners
    Advisers: Undisclosed
  • MTN CYPRUS (CYPRUS) – c.E260m 
    Monaco Telecom’s acquisition of MTN Cyprus from MTN
    Advisers: Lazard (Monaco Telecom); Akira Partners (MTN)
  • NETIA (POLAND) – c. E227m 
    Cyfrowy Polsat’s acquisition of shares in Netia from Mennica Polska, FIP 11 and Karswell
    Advisers: Trigon (Cyfrowy Polsat)

TMT Private Equity Deal of the Year - EMEA:

  • ADVENT/ CIRCET/ CM-CIC (FRANCE) 
    Advent International's acquisition of Circet Groupe from CM-CIC Investissement and Omnes Capital for c. E1bn. 
    Advisers: Natixis Partners (CM-CIC and Omnes), Messier Maris (Advent International). 
  • ANTIN/ UFINET/CINVEN (SPAIN AND LATAM) 
    The sale by Cinven’s Fifth Fund of Ufinet Group to a consortium led by Antin Infrastructure Partners (Ufinet Spain) and Cinven’s Sixth Fund (Ufinet International) for a total consideration of E2bn.  
    Advisers: Natixis and UBS (Cinven), Deutsche Bank (Antin).
  • CPPIB/ TCV/ SPORTRADAR/ EQT (SWITZERLAND)
    Canada Pension Plan Investment Board (CPPIB) and TCV’s acquisition of EQT VI’s 35% stake in Sportradar for E777m
    Advisers: Evercore (EQT), Citi (CPPIB)
  • ASMODEE/ PAI PARTNERS/ EURAZEO (FRANCE)
    PAI Partners acquisition of Asmodee from Eurazeo for E1.2bn. 
    Advisers: DC Advisory (PAI), Goldman Sachs and Messier Maris Associés (Eurazeo).
  • PERMIRA/ EXCLUSIVE GROUP/ COBEPA (FRANCE)
    Permira's acquisition of Exclusive Group from Cobepa, Edmond de Rothschild and Sogecap for E1.3bn. 
    Advisers: Oaklins (Permira), Morgan Stanley and Natixis Partners (Exclusive). 
  • SILVERLAKE/ ZOOPLA PRIME LOCATION/ DMGT (UK) 
    Silverlake’s acquisition of Zoopla Prime Location (ZPG) from Daily Mail and General Trust for £2.2bn. 
    Advisers: Credit Suisse, Goldman Sachs and Jefferies (ZPG) and Lazard (DMGT). 

TMT Infrastructure Deal of the Year - EMEA:

  • ALTICE/ MORGAN STANLEY/ HORIZON (PORTUGAL)
    Altice Europe N.V.‘s sale of a 75% in ‘Towers of Portugal’ subsidiary to a consortium including Morgan Stanley Infrastructure Partners and Horizon Equity Partners at an enterprise
    value of E660m. 
    Advisers: JP Morgan, Lazard (Altice), Perella Weinberg Partners (Morgan Stanley Infrastructure Partners and Horizon)
  • ANTIN/ UFINET/ CINVEN (SPAIN AND LATAM) 
    The sale by Cinven’s Fifth Fund of Ufinet Group to a consortium led by Antin Infrastructure Partners (Ufinet Spain) and Cinven’s Sixth Fund (Ufinet International) for a total consideration of E2bn.  
    Advisers: Natixis, UBS (Cinven), Deutsche Bank (Antin)
  • CELLNEX/ ATLANTIA/ EDIZIONE/ ABERTIS (SPAIN) 
    Edizione’s acquisition of a 29% stake in Cellnex Telecom SA (29.9%) from Atlantia/ Abertis for c. E1.5bn. 
    Advisers: Houlihan Lokey, Leonardo & Co. (Atlantia), Mediobanca (Edizione), Société Générale (Abertis)
  • CITYFIBRE/ GOLDMAN SACHS/ ANTIN (UK) 
    Goldman Sachs’ West Street Infrastructure Partners and Antin Infrastructure Partners acquisition of CityFibre for £537.8m 
    Advisers: Goldman Sachs, Greenhill (West Street) Rothschild (CityFibre)
  • EI TOWERS/ F2I/ MEDIASET (ITALY)
    F2i and Mediaset’s acquisition of Milan-listed Ei Towers for c. E1.6bn
    Advisers: Credit Suisse, Intesa Sanpaolo, Mediobanca (F2i), UniCredit (Mediaset)
  • EUNETWORKS/ STONEPEAK/ COLUMBIA CAPITAL (UK)
    Stonepeak Infrastructure Partners’ acquisition of EuNetworks Group from existing shareholders including Columbia Capital and Greenspring Associates for c. E1.1bn
    Advisers: Barclays (EuNetworks), JP Morgan (Stonepeak)

Cloud Services Deal of the Year - EMEA:

  • APAX/ EXPEREO/ CARLYLE (NETHERLANDS)
    Apax Partners’ acquisition of Expereo International from Carlyle for E320m. 
    Advisers: Lazard (Apax), Rothschild (Carlyle).
  • CYRUSONE/ ZENIUM DATA CENTERS/QUANTUM (UK) 
    CyrusOne’s acquisition of Zenium Data Centers from Quantum Strategic Partners for US$442m. 
    Advisers: RBC Capital Markets (Quantum).
  • DATA4/ AXA/ COLONY CAPITAL (FRANCE) 
    AXA Investment Manager’s acquisition of Data4 from Colony Capital for c. E700m.
    Advisers: None.
  • GTT/ INTEROUTE/ ALEPH (UK)
    GTT Communications’ acquisition of Interoute from Aleph Capital Partners, Crestview Partners and the Sandoz Family Foundation for £1.65bn. 
    Advisers: Credit Suisse, Evercore (Interoute shareholders).
  • INFRAVIA/ GREEN.CH/ ALTICE (SWITZERLAND) 
    InfraVia Capital Partners’ acquisition of Green.ch and Green Datacenter from Altice NV for c. US$217m. 
    Advisers: Lazard (Altice).
  • ORANGE/ BASEFARM/ ABRY (NORWAY) 
    Orange’s acquisition of Basefarm AS from Abry Partners for US$410m. 
    Advisers: Jefferies (Abry)

Tech M&A Deal of the Year - EMEA:

  • EXCLUSIVE GROUP/ PERMIRA/ COBEPA (FRANCE)
    Permira's acquisition of Exclusive Group from Cobepa, Edmond de Rothschild and Sogecap for E1.3bn.  
    Advisers: Oaklins (Permira), Natixis Partners, Morgan Stanley (Exclusive). 
  • FIDESSA/ ION (UK) 
    Ion’s cash offer for London-listed Fidessa for £1.5bn.  
    Advisers: Rothschild, Jefferies (Fidessa), UBS (Ion). 
  • GEMALTO/ THALES (FRANCE)  
    Thales’ acquisition of Gemalto in a deal worth around E4.8bn 
    Advisers: Lazard, Messier Maris & Associés and Société Générale (Thales) Deutsche Bank, JP Morgan (Gemalto).
  • IRIS SOFTWARE GROUP/ HG/ ICG (UK) 
    The sale by Hg’s Hg6 Fund of IRIS Software Group to Hg’s Saturn Fund and ICG for c. £1.3bn 
    Advisers: Arma Partners (IRIS), DC Advisory (Hg Saturn)
  • WORLDPAY/ VANTIV (UK)
    Vantiv’s acquisition and subsequent merger with UK-listed Worldpay Group for £8bn, valuing the combined business at £22.2bn.
    Advisers: Goldman Sachs, Barclays (Worldpay), Morgan Stanley, Credit Suisse, Centerview Partners (Vantiv) 
  • ZOOPLA PRIME LOCATION ‘ZPG’/ SILVERLAKE/ DMGT (UK)  
    Silverlake’s acquisition of Zoopla Prime Location (ZPG) from Daily Mail and General Trust for £2.2bn. 
    Advisers: Credit Suisse, Goldman Sachs and Jefferies (ZPG) and Lazard (DMGT). 

Fintech Deal of the Year - EMEA:

  • ADYEN IPO (NETHERLANDS) 
    IPO of Dutch fintech firm, Adyen, on the Amsterdam Euronext Exchange in June 2018. Valuing the company at E7.1bn 
    Advisers: Morgan Stanley, JP Morgan, ABN Amro, Citi, Bank of America Merrill Lynch
  • BAMBORA/ INGENICO/ NORDIC CAPITAL (SWEDEN) 
    Ingenico’s acquisition of Bambora from Nordic Capital for E1.5bn
    Advisers: UBS (Ingenico), NC Advisory (Nordic Capital) 
  • IZETTLE/ PAYPAL (SWEDEN) 
    PayPal’s acquisition of iZettle from shareholders Zouk Capital, Index Ventures and 83North for US$2.2bn. 
    Advisers: JP Morgan (iZettle and shareholders), Evercore (PayPal) 
  • SAXO PAYMENTS BANKING CIRCLE/ EQT (DENMARK) 
    EQT VIII and EQT Ventures’ acquisition of Saxo Payments Banking Circle for US$315m
    Advisers: Citi (Saxo Payments) 
  • TRUSTLY/ NORDIC CAPITAL/ BRIDGEPOINT (SWEDEN) 
    Nordic Capital’s acquisition of Trustly from Bridgepoint for c. E700m 
    Advisers: Citi (Trustly shareholders) 
  • ULLINK/ ITIVITI/ HG (FRANCE) 
    Itiviti’s acquisition of Ullink from Hg for c. US$650m  
    Advisers: Goldman Sachs (Itiviti), Credit Suisse (Hg)  
  • WORLDPAY/ VANTIV (UK)
    Vantiv’s acquisition and subsequent merger with UK-listed Worldpay Group for £8bn, valuing the combined business at £22.2bn. 
    Advisers: Goldman Sachs, Barclays (Worldpay), Morgan Stanley, Credit Suisse, Centerview Partners (Vantiv) 

Media M&A Deal of the Year – EMEA:

  • ASMODEE/ PAI PARTNERS/ EURAZEO (FRANCE)
    PAI Partners acquisition of Asmodee from Eurazeo for E1.2bn. 
    Advisers: DC Advisory (PAI), Messier Maris Associés, Goldman Sachs (Eurazeo). 
  • INFORMA/ UBM (UK) 
    Informa’s public offer and acquisition of UBM plc for £4.3bn.
    Advisers: Credit Suisse, JP Morgan (UBM), Centerview Partners, Bank of America Merrill Lynch, Barclays, Rothschild (Informa) 
  • MEDIAPRO/IMAGINA/ORIENT HONTAI CAPITAL (SPAIN) 
    Orient Hontai Capital’s (OHC) acquisition of a 53.5% stake in Mediapro’s parent company Imagina for US$1bn.  
    Advisers: Citi, Lazard (Imagina), Deutsche Bank, GBS Finanzas (OHC) 
  • SKY/ COMCAST/ 21ST CENTURY FOX (UK) 
    Comcast’s acquisition of a majority stake in Sky from 21st Century Fox, valuing Sky at £29.7bn. 
    Advisers: Barclays, Morgan Stanley, PJT Partners (Sky) Bank of America Merrill Lynch, Evercore, Robey Warshaw, Wells Fargo Securities (Comcast), Deutsche Bank, Goldman Sachs, JP Morgan, CenterView (Fox), Greenhill (Sky shareholders) 
  • SPORTRADAR/ CPPIB/ TCV/ EQT (SWITZERLAND)
    Canada Pension Plan Investment Board (CPPIB) and TCV’s acquisition of EQT VI’s 35% stake in Sportradar for E777m, valuing the company at E2.1bn. 
    Advisers: Evercore (EQT), Citi (CPPIB)


TMT Acquisition Financing Deal of the Year - EMEA:

  • PPF TELECOM/ TELENOR CEE – E3.025bn acquisition financing 
    PPF Telecom’s E3.025bn loan facilities supporting the acquisition of Telenor’s CEE assets. 
    Lenders: BNP Paribas, Crédit Agricole, Erste Group Bank, HSBC, Société Générale, UniCredit Bank. 
  • ADVENT/ CIRCET – E680m acquisition financing 
    Advent International’s E680m loan backing the acquisition of Circet Groupe for c. E1bn.
    Lenders: Credit Agricole, ING, BoI, Unicredit, Credit Lyonnais, DB, UBS, Natwest, Société Générale. 
  • ANTIN/ UFINET – E427m acquisition financing 
    Antin’s E427m financing package to support the acquisition of Ufinet Spain. 
    Lenders: Santander, DNB, ING, Natixis, Société Générale, Deutsche Bank, HSH Nordbank, Sumitomo Mitsui Banking Corporation. 
  • ITIVITI/ ULLINK – E441m acquisition financing 
    Itiviti’s E441m multi-currency loan for the acquisition of Ullink. 
    Lenders: Credit Suisse, Unicredit, UBS, DNB
  • GTT/ INTEROUTE – E640m acquisition financing 
    GTT Communications E640m term loan B facility to support the acquisition of Interoute. 
    Lenders: Credit Suisse, KeyBank, SunTrust Bank, Goldman Sachs, Morgan Stanley, Citizens Bank, National Association, ING


TMT IPO of the Year - EMEA:

  • SPOTIFY (SWEDEN)
    Direct Listing of Swedish music streaming service, Spotify, on the New York Stock Exchange valuing the company at US$26.5bn.
    Advisers: Goldman Sachs, Morgan Stanley, Allen & Company.
  • FARFETCH (UK)
    IPO of UK online fashion retailer, Farfetch, on the New York Stock Exchange in September 2018, raising US$885m, and valuing the company at US$5.8bn.
    Advisers: Goldman Sachs, UBS, Allen & Company, JP Morgan.
  • HELLOFRESH (GERMANY) 
    IPO of German online food delivery platform, HelloFresh, on the Frankfurt Stock Exchange in November 2017, raising E318m and valuing the company at E1.7bn.
    Advisers: Deutsche Bank, JP Morgan, Morgan Stanley, Berenberg, BNP Paribas.
  • FUNDING CIRCLE (UK) 
    IPO of UK lending platform, Funding Circle, on the London Stock Exchange in October 2018, raising £300m and valuing the company at E1.5bn.
    Advisers: Bank of America Merrill Lynch, Goldman Sachs Group, Morgan Stanley, Numis Securities. 
  • ADYEN (NETHERLANDS) 
    IPO of Dutch fintech firm, Adyen, on the Amsterdam Euronext Exchange in June 2018, raising E947m and valuing the company at E7.1bn.
    Advisers: Morgan Stanley, JP Morgan, ABN Amro, Citi, Bank of America Merrill Lynch.
  • AVAST (CZECH REP) 
    IPO of Czech Rep IT software company, Avast, on the London Stock Exchange in May 2018, raising US$200m in primary proceeds and US$616.6m in secondary proceeds, pre-greenshoe, with a valuation of US$3.23bn
    Advisers: Morgan Stanley, UBS, Rothschild.

TMT Infrastructure Loan of the Year – EMEA:

  • HYPEROPTIC (UK) 
    £250m financing package to support Hyperoptic’s rollout of vertical FTTH network within multi-dwelling units in the UK. 
    Lead Banks and Advisers: LionTree, BNP Paribas, ING. 
  • DEUTSCHE GLASFASER (GERMANY)
    E650m financing for KKR/ Deutsche Glasfaser to roll out an additional 300,000 homes in Germany with optic fibre. 
    Lead Banks and Advisers: Société Générale, ABN AMRO, HSH Nordbank, ING, KfW IPEX, NIBC, BNP Paribas, Kommunalkredit, Raiffeisen Bank International, and SEB.
  • MASMOVIL (SPAIN) 
    E831m refinancing and c.E100m new capex financing to invest in new fixed and wireless network infrastructure in Spain.
    Lead Banks and Advisers: Banco Santander, BNP Paribas and Société Générale. 
  • OPEN FIBER (ITALY)
    Open Fiber’s E3.5bn financing package to build a new Italian FTTH network.
    Lead Banks and Advisers: BNP Paribas, Société Générale, Unicredit Cassa depositi e prestiti, European Investment Bank. 
  • PROXIMUS (BELGIUM)
    E400m loan to back Proximus’ roll-out and upgrading of its fixed broadband infrastructure in Belgium.
    Lead Banks and Advisers: European Investment Bank.

TMT Deal of the Year 2018 - Emerging Markets:

  • LIBERTY GLOBAL/ LiLAC (LATAM) – US$3.7bn
    Liberty Global’s split off of Latin American subsidiary LiLAC, and subsequent launch as a publicly traded company on the NASDAQ Global Select Market
    Advisers: LionTree
  • MTN GHANA IPO (GHANA) – US$237m
    IPO of MTN Ghana on the Ghana Stock Exchange
    Advisers: IC Securities (Lead Manager, Financial Adviser and Sponsoring Broker)
  • OI RESTUCTURE (BRAZIL) – c.US$20bn
    Debt restructuring and creditor agreement of Brazilian telecom operator, including US$20bn debt restructuring and US$1.2bn equity capital commitment
    Advisers: G5 Evercore (Oi bondholders)
  • PAMEL/TPG (MYANMAR) – c. US$400m
    TPG Capital’s acquisition of Myanmar towerco Pan Asia Majestic Eagle Limited (PAMEL) from its shareholders
    Advisers: Redpeak Advisers (TPG)
  • TIGO/ SAGA AFRICA (SENEGAL) – US$129m
    Saga Africa Holdings (Sow-Niel-Hiridjee) acquisition of MNO Tigo Senegal from Millicom
    Advisers: Lazard (Millicom)
  • VODAFONE/ IDEA (INDIA) – US$23bn
    Vodafone India and Idea Cellular’s merger of Indian MNO businesses
    Advisers: Morgan Stanley, Robey Warshaw, Bank of America Merrill Lynch, Kotak Investment Bank, Rothschild and UBS (Vodafone)

TMT Deal of the Year 2018 - Asia:

  • CHINA TOWER CORP IPO (CHINA) – US$6.9bn
    IPO of Chinese towerco, China Tower Corp on the Hong Kong Stock Exchange
    Advisers: CICC and Goldman Sachs (Joint Sponsors); Bank of America Merrill Lynch and JP Morgan (Joint Global Co-ordinators/ Bookrunners)
  • EQUINIX/METRONODE (AUSTRALIA) – A$1.035bn (c. US$792m)
    Equinix’s acquisition of Australian datacentre company Metronode from Ontario Teachers' Pension Plan
    Advisers: JP Morgan (Equinix); UBS and RBC Capital Markets (OTPP)
  • GRAB (SINGAPORE) – US$2bn
    Singaporean technology company Grab raised US$2bn via two tranches for a Series H funding round from Toyota and other investors
    Advisers: UBS and JP Morgan
  • PROTELINDO/KIN (INDONESIA) – ID1.4tr (c.US$100m)
    Profesional Telekomunikasi Indonesia (Protelindo)’s acquisition of Indonesian towerco PT Komet Infra Nusantara (KIN) from Providence Equity Partners
    Advisers: HSBC (Providence Equity); Redpeak Advisers and ING (Protelindo) 
  • TPG/PAMEL (MYANMAR) – c. US$400m
    TPG Capital’s acquisition of Myanmar towerco Pan Asia Majestic Eagle Limited (PAMEL) from its shareholders
    Advisers: Redpeak Advisers (TPG)
  • VODAFONE INDIA/ AMERICA TOWER (INDIA) – US$592m
    American Tower Corp’s acquisition of Vodafone India/Idea Cellular’s standalone towers
    Advisers: DSP Merrill Lynch (Idea), Morgan Stanley (Vodafone India)
  • VODAFONE INDIA/ IDEA (INDIA) – US$23bn
    Vodafone India and Idea Cellular’s merger of Indian MNO businesses
    Advisers: Morgan Stanley, Robey Warshaw, Bank of America Merrill Lynch, Kotak Investment Bank, Rothschild and UBS (Vodafone)
  • WALMART/ FLIPKART (INDIA) – US$16bn
    Walmart’s acquisition of Indian ecommerce company Flipkart from shareholders.
    Advisers: JP Morgan and Barclays (Walmart); Goldman Sachs (Flipkart)