London, UK, based independent fiber networks and cloud networking company, has
agreed to sell to US based GTT Communications.
Jamieson advised Gareth Williams (CEO) and the senior management team, on the negotiation of terms with a number of bidders. After a competitive process GTT was the successful bidder and signed an agreement to acquire the business from Sandoz Foundation, the current majority shareholder, for $2.3bn.
John Greenland commented, “While the transaction was completed by a trade purchaser, the fact that there was a mix of trade and financial investors meant we had to plan for all eventualities.”
“This transaction demonstrated our experience of working with large multi-national businesses, and our unrivalled knowledge of financial investors, enabling us to confidently advise our clients on a range of transactions.”
The Jamieson team was led by John Greenland, Andrew Cox and Gus Gayford.