IFLR1000

NJJ Capital SFr2.8 billion acquisition of Orange Switzerland

1/3/2016
Acquisition finance, Private acquisition
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SFr 2.8 billion

$ 2.9 billion

Completed

1/3/2016

Overview:

  • NJJ Capital, has acquired Orange Switzerland from Apax Partners for SFr2.8 billion. 
  • Orange Switzerland is a telecommunications company with around 2.2 million customers, about 20% of the Swiss market.
  • The deal comes after an aborted attempt by Apax to merge Orange Switzerland with rival Sunrise.
  • NJJ Capital is a private investment fund owned by Xavier Niel. 
  • Niel is the owner of French telecoms company Iliad.
  • Credit Suisse and PwC advised Apax.
  • Lazard, BNP Paribas, and KPMG advised NJJ Capital. 

Rani Mehta - Journalist 

Jurisdictions:

France
Switzerland

Deal types:

Acquisition finance
Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Technology and telecommunications

Firms:
Bär & Karrer

Party: Apax Partners (Seller)

Lawyer: Thomas Rohde

BSP

Party: Apax Partners (Seller)

Gide Loyrette Nouel

Party: Société Générale (Arranger)

Lawyer: Eric Cartier-Millon

Latham & Watkins

Party: Société Générale (Arranger)

Lawyer: Xavier Farde

Niederer Kraft Frey

Party: NJJ Capital (Acquirer)

Lawyers: Philipp Candreia, Philippe Weber

PwC Legal

Party: NJJ Capital (Acquirer)

Shearman & Sterling

Party: NJJ Capital (Acquirer, Borrower)

Simpson Thacher & Bartlett

Party: Apax Partners (Seller)

Lawyer: Nicholas Shaw

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