Successful DORDA Engagement as Austrian Counsel for DigitalBridge in planned GD Towers Acquisition
DORDA has advised – as local counsel – DigitalBridge Group, Inc. which today announced that funds affiliated with its investment management arm (collectively, “DigitalBridge”) together with Brookfield Infrastructure and its institutional partners (collectively, “Brookfield”) have reached an agreement to acquire a 51% ownership stake in GD Towers.
The transaction values GD Towers, the mobile telecommunications tower business of Deutsche Telekom AG, at EUR 17.5 billion, on a consolidated basis, including the assumption of net debt.
GD Towers is Germany’s largest tower company, owning 7,000 towers and communication sites in Austria and owning and operating over 33,000 towers and communication sites in Germany. GD Towers is led by an independent management team with decades of European tower company experience and a track record of delivering consistent growth and stable cash flows. GD Towers’ high-quality portfolio is supported by an anchor tenancy agreement with Deutsche Telekom, which will retain a minority 49% ownership stake in GD Towers following this transaction.
A large and experienced M&A deal team of over 25 DORDA lawyers in charge of Austrian aspects of the transaction was led by partner Andreas Mayr (M&A) and included Gunnar Pickl (Construction & Infrastructure), Thomas Angermair (Employment Law), Stefan Artner (Real Estate Law), Christoph Brogyanyi (Corporate Law), Heinrich Kühnert (Competition and Antitrust, Energy Law, Telecommunications Law), Bernhard Müller (Public Law, Regulatory Law, Telecommunications Law), Veit Öhlberger (Contract Law), Nino Tlapak (Data Protection, IT-Law, Intellectual Property Law), Paul Doralt (Tax Law), Andreas Seling (Intellectual Property Law, IT-Law), Patricia Backhausen (M&A), Florian Nikolai (M&A), Florina Thenmayer (Employment Law), Julia Haumer-Mörzinger (Real Estate, Tenancy Law, Construction Law), Alexandra Ciarnau (IT Law and Data Protection, Intellectual Property Law), Julia Haunold (Corporate Law), Magdalena Nitsche (Insurance Law), Stanislav Nekrasov (Tax Law), Philipp Pärtan (M&A), Isabel Maurer (M&A), Philipp Fedan (M&A), Michael Hardt (Data Protection, IP/IT), Angelika Holzer (Corporate Law), Mirko Marjanovic (Competition and Antitrust Law, Foreign Direct Investment Control, Telecom and Energy Law), Vivien Lux (Real Estate, Construction), Jia Zhou (Real Estate Law, Tenancy Law, Construction & Infrastructure).