Lawyer Monthly - August 2024

The Sale of the TIM Network to KKR

DEAL BRIEF

ADVISORS

TIM has completed the sale of 100% of NetCo to Optics Bidco for a value of approximately 22 billion euros. Optics Bidco is a special purpose vehicle controlled by KKR and has issued 12 series of senior secured notes totalling 5.5 billion euros. The Ministry of Economy and Finance considers this network a strategic asset for Italy leading to a 16% investment. This acquisition was completed with approval from the European Antitrust Authority. Studio Legale BDL acted as advisor for KKR, on Italian Antitrust issues, throughout this acquisition alongside other firms such as, A&O Shearman and more to complete this transaction.

Advisors to KKR

COMMENTS: STUDIO LEGALE BDL

“The legal due diligence on the going concern sold by TIM required complex teamwork” said Mr. Maurizio Pinnarò; “Perfectly coordinated by KKR, which led all its advisors throughout this challenging transaction. The winning factor was the timeliness of interactions between the Buyer’s advisors”.

www.studiobdl.it

Advisors to TIM

Advisor to the banks

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TRANSACTION REPORTS