December 17, 2021
Gibson, Dunn & Crutcher LLP is advising Kohlberg Kravis Roberts & Co. L.P. on its investment in 49% of Reintel, the leading dark fibre infrastructure operator in Spain, creating a strategic partnership with Red Eléctrica de España, the partly state-owned and listed Spanish corporation which operates the national electricity grid in Spain. The agreed transaction value represents an enterprise value of €2.3 billion for 100% of the business. More information can be found in the announcement release.
The Gibson Dunn team is led by partners Federico (Fede) Fruhbeck and Alice Brogi and includes associates Dom Kinsky, Osvaldo Galeano and Ade Adesiyan. Associate James Chandler is advising on tax aspects. Partner Rob Dixon advised on aspects related to fibre and telecom regulation.