Apax and NJJ Capital SAS, Xavier Niel's private holding company, have agreed to sell mobile telecom operator Orange Communications SA for a total transaction value of CHF 2.8 billion (EUR 2.3 billion). The transaction is subject to customary regulatory approval and expected to complete by the end of Q1 2015.

Niederer Kraft & Frey has acted as Lead M&A and Regulatory Legal Counsel to NJJ Capital for the transaction, and as Swiss legal counsel to NJJ Capital for tax and financing related matters.

The NKF Team comprised Philippe Weber (Partner M&A/ Finance, Lead), András Gurovits (Partner, TMT/Regulatory), Philipp Candreia (Partner, M&A/Finance), Markus Kronauer (Partner, Tax), as well as Mario Erni (Senior Associate, Tax), Laurence Uttinger and René Fischer (both Pensions), Stefan Härtner and Samuel Hochstrasser (both M&A) and others.