Freshfields Steers 3 PE Firms' $3.3B Bid For Spain's MasMovil
Law360 (June 1, 2020, 7:17 PM EDT) -- MasMovil, Spain's fourth-largest phone operator, said Monday that three private equity firms advised by Freshfields Bruckhaus Deringer LLP made a roughly €3 billion ($3.3 billion) bid to take the company private and acquire equal stakes in one of the largest takeovers announced during the coronavirus pandemic.
Providence Equity Partners LLC, Cinven and Kohlberg Kravis Roberts & Co. LP agreed to purchase all of MasMovil's more than 131 million shares at the price of €22.50 each, according to an approval request filed with Spain's National Securities Market Commission. That's a more than 20% premium from yesterday's closing price.
The deal, made through...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!