November 2020 – Kinstellar advised GTT Communications, Inc. (NYSE: GTT), a global leader in cloud networking services, on sale of its infrastructure business to I Squared Capital, an independent global infrastructure investment management firm, for US$2.15 billion. Our team is assisting with the divestment of the infrastructure business in Bulgaria, the Czech Republic, Slovakia, Hungary, Romania, Ukraine and Serbia. 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 Kinstellar team was led by Diana Dimova (Partner, Bulgaria) and Nina Tsifudina (Managing Associate, Bulgaria) and involved among others Jan Juroaka (Partner), and Matej Večeřa (Junior Associate) in the Czech Republic; Anthony O'Connor (Partner) and Ágnes Zsófia Szabó (Senior Associate) in Hungary; Zornitsa Georgieva (Senior Associate) and Petar Popov (Junior Associate) in Bulgaria; Zsuzsa Csiki (Partner) and Mihai Coadă (Senior Associate) in Romania; Adam Hodoň (Partner) and Lívia Miklenčičová (Junior Associate) in Slovakia; Iryna Nikolayevska (Partner) and Viktoriia Dobrynska (Senior Associate) in Ukraine; Branislav Marić (Partner) and Andreja Vra~alić (Senior Associate) in Serbia.