News

A&O Shearman advises on the financing to KKR in support of the acquisition of TIM’s fixed line network

A&O Shearman has advised a group of financial institutions as lenders of the financing supporting global investment firm KKR for the acquisition of NetCo, TIM’s fixed line network.

Annette Kurdian, partner at A&O Shearman commented, “this landmark transaction represents the largest digital infrastructure deal in Italy in the last 5 years. The complex nature and scale of the deal, demonstrate the expertise across the team. We are grateful for the opportunity to have supported the lenders. Congratulations to all parties involved.”

The multi-jurisdiction and cross-departmental team advising on the transaction was led by partner Annette Kurdian, supported by senior associates James Ashcroft and Diogo Casqueiro and associates Leonie Adam and Ruby-Jane van Zyl. The team in Italy was led by partner Pietro Scarfone and comprised associate Valentina Calò, with counsel Elia Ferdinando Clarizia and associate Doris Ceoromila advising on tax related aspects, while counsel Antonio Ferri and associate Marta Avara assisted on corporate matters.