GTT to sell infrastructure business to I Squared Capital
The Private Equity Team has advised long-standing client GTT Communications, a specialist in the provision of cloud networking services, on the sale of its infrastructure business to I Squared Capital for USD2.15 billion.
The acquisition is expected to close, subject to satisfying all required regulatory approvals and contingencies included in the agreement, during the first half of 2021.
The infrastructure division of GTT Communications consists of the business and activities of providing Pan-European, North American, sub-sea and trans-Atlantic fiber network and data center infrastructure services to customers.
I Squared Capital is an independent global infrastructure investment management firm focusing on energy, utilities, digital infrastructure, transport and social infrastructure.
The Goodwin team was led by Gemma Roberts and included Gretchen Scott, Joanna Keska, Camilla Bunny, Charlie Lord, Katie Leah, James Taylor, Rachel Thurbon, Laura Antuna-Ortega, Leah Black (all London), and Jay Schifferli (Washington, D.C.)