To view a German version of this press release, please click here.
Kirkland & Ellis International LLP represented Glacier Holdings and its indirect investors, including TowerBrook Capital Partners, Apollo Management LP and Goldman Sachs Capital Partners, in their sale of Cablecom, the Swiss-based cable television and Internet access provider, to a subsidiary of Liberty Global Inc. for Sfr2.825 billion (and the assumption of Sfr1.6 billion in debt).
Attorneys in the London, Munich, and New York offices of Kirkland & Ellis worked together to advise Glacier Holdings and Cablecom on three separate interconnected matters in connection with the transaction. The M&A and equity restructuring teams were led by partner Erik C. Dahl and supported by Tai Hsia and Michel Debolt. The IPO dual-track team was led by partners Jonathan F. Pedersen and Erik C. Dahl and supported by Daniel S. Hoverman and Dominik Stuehler. Neel V. Sachdev advised on key financing issues and partner Nigel P. Dunmore advised on aspects of English law.
This sale follows the highly successful restructuring of Cablecom’s Sfr4.1 billion credit facility in 2003, which was another transaction led by Kirkland & Ellis International LLP.
About Kirkland & Ellis International LLP
Kirkland & Ellis International LLP has more than 1,100 attorneys representing global clients in transactional, corporate restructuring, finance and banking, intellectual property, tax and litigation and arbitration matters. The firm has offices in Chicago, London, Los Angeles, Munich, New York, San Francisco and Washington D.C.
Cablecom is the largest cable-based communications provider in Switzerland, providing consumers with an integrated “triple-play” offering of cable television, broadband Internet and fixed-line telephony. In addition, it offers managed wide area network (“WAN”), voice services and value-added services to the Swiss business market and provides analog television signal delivery and engineering, operating and carrier services to its wholesale customers. Its national local loop network, one of only two in Switzerland, operates in 14 of 16 largest Swiss cities.