Gleiss Lutz has advised the Dutch company NOVEC B.V. on the sale of its German subsidiary NOVEC GmbH in a bidding process won by the telecommunications infrastructure company Phoenix Tower International.
The transaction marks a significant milestone for Phoenix Tower International as it enters the German telecommunications market – an expansion that reinforces Phoenix Tower International's commitment to supporting mobile network operators globally in meeting their coverage obligations and delivering high-quality mobile services.
The transaction is expected to be completed in the coming months, subject to customary conditions, in particular regulatory approvals.
NOVEC B.V. was founded in 2005 and is the largest independent provider of telecommunications infrastructure in the Netherlands. Its German subsidiary, NOVEC GmbH, builds, rents, operates and develops antenna sites such as high-voltage masts, lattice masts, towers, silos and wind turbines. All German mobile network operators now use NOVEC sites as part of their digital infrastructure, placing them at the core of providing full coverage and expanding 5G around Germany.
Phoenix Tower International is a leading global infrastructure company that operates and provides wireless infrastructure in the US, Europe, South America and the Caribbean. Founded in 2013 and based in Boca Raton, Florida, the company is privately held and a portfolio company of Blackstone.
The following team of Gleiss Lutz lawyers advised NOVEC B.V.: Dr. Martin Viciano Gofferje (lead, partner), Dr. Christoph Meissner, Dr. Pirmin Emanuel Schreiner (all Corporate/M&A, all Berlin), Dr. Tim Weber (partner), Maximilian Leisenheimer (both Real Estate, both Frankfurt), Dr. Johann Wagner (partner), Dr. Hendrik Marchal (counsel), Dr. Philip Niemann, Paul Hentschel, Michael Gröber (all Tax, all Hamburg), Dr. Alexander Fritzsche (partner), Dr. Birgit Colbus, Jennifer Otten (all Competition/Antitrust, all Frankfurt), Dr. Jacob von Andreae (partner), Aylin Hoffs, Dr. Lars Kindler, Vivien Etzkorn (all Foreign Trade, all Düsseldorf), Dr. Rut Steinhauser (partner), Josefine Chakrabarti (counsel), Anke Siemer-Arcq (all Employment, all Berlin), Dr. Eva Reudelhuber (partner, Banking & Finance, Munich), Dr. Alexander Nagel (counsel, Düsseldorf), Dr. Florian Kienast (both Restructuring, Stuttgart), Dr. Christoph Skoupil (partner), Caroline Saalwächter-Hirsch (both Compliance, both Frankfurt), Dr. Manuel Klar (Data Protection, Munich).
Gleiss Lutz regularly advises German and international companies and investors in the TMT, IT and digital economy sectors, most recently Deutsche Telekom AG in the bidding process for the sale of a majority stake in its GD Towers business and the shareholders on the sale of the e*Message Group to the multi-family holding Liberta Partners.