Watson Farley & Williams (“WFW“) has advised CCNST-Group (“CCNST”), a leading provider of broadband services in Bavaria, on securing a strong financial investment from UK-based Infracapital. Among the group’s companies is broadband business amplus AG, founded in 2009 and a well-known network provider in Bavaria today. The parties have agreed not to disclose further details of the transaction, which is expected to close this month. WFW also advised CCNST on their recent restructuring.
Infracapital, the infrastructure equity investment arm of M&G Prudential, builds and manages a diverse infrastructure portfolio, and has invested more than €5bn in infrastructure projects across Europe to date. Its investment in CCNST is the first in Germany to focus on the comprehensive development of a high-performance glass fibre infrastructure. Both partners also aim to develop new markets beyond Bavaria.
The WFW Germany Team advising CCNST was led by Munich Corporate Partner Dr Dirk Janssen and Hamburg/Munich Tax Partner Verena Scheibe. They were supported by Munich Partners Dr Simon Preisenberger (Corporate) and Anne Kleffmann (Employment), and Hamburg Partner Sven Fretthold (Banking & Finance). Munich Senior Associate Marcus Mützelburg (Banking & Finance), Associates Silvia Rava, Marian Peter Wieczorke (both Corporate), Roman Schneider (Banking & Finance) and Maximillian Koch (Employment). Hamburg Tax Senior Associate Dr Nicolaj Faigle also assisted.
The team worked closely with amplus AG’s inhouse counsel Guido Gaudlitz throughout the transaction.