Kirkland & Ellis advised ADTRAN (Nasdaq: ADTN) on its cross border business combination with ADVA (FSE: ADV) to create a leading global, scaled provider of end-to-end fiber networking solutions for communications service provider, enterprise and government customers. The merger combines ADTRAN’s global leadership in fiber access, fiber extension and subscriber connectivity solutions with ADVA’s global leadership in metro wavelength division multiplexing, data center interconnect, business ethernet and network synchronization solutions. The combined company will be named ADTRAN Holdings, Inc. and will be dual-listed on the NASDAQ and Frankfurt Stock Exchange. The transaction is expected to be completed during the second or third quarter of 2022, subject to required regulatory approvals and customary closing conditions.
The matter involved a cross-border Kirkland team with the U.S. team led by corporate partners Carlo Zenkner and Sarkis Jebejian and associates Alexandra Gallogly and Jermaine Cherry, capital markets partner Tim Cruickshank and associate Jennifer Karinen, tax partners Dean Shulman and Sherry Xie and associate Ashley Flor, executive compensation partner Rohit Nafday, antitrust and competition partner Andrea Murino and associate Samantha Morelli, and international trade partners Ivan Schlager and Nathan Mitchell.
The Germany/U.K. team was led by corporate partners Achim Herfs and Ben Leyendecker and associates Johannes Rowold and Marlene Ruf, capital markets partner Anna Schwander and associate Siegfried Buettner, tax partner Daniel Hiemer, and antitrust and competition partners Paula Riedel and Mark Gardner.