Paul, Weiss client euNetworks announced the signing of a definitive merger agreement, through which Stonepeak Infrastructure Partners will acquire a majority interest in euNetworks. The transaction will also provide euNetworks with up to $500 million of committed growth capital for both organic and inorganic development. Brady Rafuse will remain the chief executive officer of the company and the existing euNetworks investors will continue to hold a material interest in the company’s new capital structure. euNetworks is a horizontally integrated bandwidth infrastructure provider focused on delivering scalable, fibre based solutions to customers. The transaction is expected to close in the coming months.

The Paul, Weiss team includes corporate partners Steven Williams, David Lakhdhir and Dale Sarro and counsel Paul Donnelly and Nathan Sawyer; tax partner David Sicular and counsel Colin Kelly; and litigation partner Stephen Lamb.