IFLR1000

Liberty Global £3.5 billion acquisition of Cable & Wireless

16/5/2016
Acquisition finance, Public acquisition
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£ 3.5 billion

$ 4.375 billion

Completed

16/5/2016

Overview:

  • Liberty Global has acquired Cable & Wireless Communications (CWC) for £3.5 billion.
  • The deal values CWC at 81.04p a share.
  • The CWC business will be owned by Liberty’s Latin American and Caribbean group (the “LiLAC Group”). The deal creates a company that serves 10 million video, voice, broadband and mobile subscribers in more than 20 countries.
  • Allen & Overy and Latham & Watkins acted for the financiers.

Sam Duke - Editor

Jurisdictions:

United States
United Kingdom

Deal types:

Acquisition finance
Public acquisition

Practice areas:

Private equity
M&A

Industry sector:

Technology and telecommunications

Firms:
Herbert Smith Freehills

Party: Goldman Sachs (Financial adviser)

Lawyers: Kristen Roberts, Mark Bardell

Paul Weiss Rifkind Wharton & Garrison

Party: Cable & Wireless Communications (Target)

Lawyer: Mark Bergman

Ropes & Gray

Party: Liberty Global (Borrower)

Lawyers: Jane Rogers, Robert Haak

Shearman & Sterling

Party: Liberty Global (Acquirer)

Skadden Arps Slate Meagher & Flom

Party: Goldman Sachs (Financial adviser)

Lawyer: Scott Hopkins

Slaughter and May

Party: Cable & Wireless Communications (Target)

Lawyer: Ed Fife

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