Cable services provider Liberty Global has announced a deal to acquire Dutch cable company Ziggo for €6.9 billion (£5.7bn), in a cash and stock deal.
Latham & Watkins advised a consortium of banks, Credit Suisse, ABN AMRO, Coöperative Centrale Raiffeisen-Boerenleenbank, Crédit Agricole, Deutsche Bank, HSBC, Nomura, ING, JP Morgan, Merrill Lynch, Morgan Stanley, Scotiabank and Société Générale, on the €964 million exchange offer and the €740 million tender offer related to Ziggo’s outstanding bonds.
The Latham & Watkins London-based team was led by capital markets partners Tracy Edmonson and Scott Colwell, and finance partner Dan Maze, with capital markets associates Alyssa Simon, Phillip Stoup and Katherine DeWitt, and finance associates Shahid Jamil and Andrea Hutchinson.
In 2013, Latham & Watkins fielded a trans-Atlantic deal team on Liberty Global’s acquisition of Virgin Media for $23.3bn (£14.8bn), a deal that created the world’s largest broadband company. Latham & Watkins’ London-based team advised the initial purchasers in connection with the financing of the deal, while a Chicago-based team represented the financial advisor to Liberty Global.