14.09.2020

Luther advises on offer to take Altice Europe private in EUR 2.5bn buyout

Luxembourg - Luther S.A. advised Next Alt S.à.r.l, a company wholly owned by Patrick Drahi, the founder and majority shareholder of Altice Europe, a leading European cable, telecommunications and entertainment company, on the overall structuring and corporate and financing aspects of its agreement with Altice Europe of an all cash offer valuing the company at EUR 4.9bn.

Hintergrund

Luxembourg - Luther S.A. advised Next Alt S.à.r.l, a company wholly owned by Patrick Drahi, the founder and majority shareholder of Altice Europe, a leading European cable, telecommunications and entertainment company, on the overall structuring and corporate and financing aspects of its agreement with Altice Europe of an all cash offer valuing the company at EUR 4.9bn.

The recommended all-cash offer of EUR 4.11 per share for all Common Shares A and Common Shares B in the capital of Altice Europe by Next Alt’s subsidiary Next Private is subject to certain customary conditions and is expected to complete in Q1 2021. 

After successfully executing the operational and financial turnaround strategy and simplifying and strengthening its diversified capital structure, Mr. Drahi expects the proposed transaction to result in a new and exciting chapter for Altice Europe.

Luther S.A.:  Eric Sublon (Partner – Corporate/M&A), Bob Scharfe (Partner – Banking, Finance & Capital Markets), Yann Spiegelhalter (Senior Associate – Corporate/M&A), and Sinan Ulker (Senior Associate - Banking, Finance & Capital Markets).