lyntia Networks is a neutral operator providing dark fibre and circuit hire wholesale services to operators and utility companies in the Spanish telecom sector
lyntia Networks is one of the largest providers in Spain of neutral connectivity including dark fibre, FTTH and VSAT, and manages a network of over 43,000 km of fibre optic across the main cities
DC was mandated by the Consortium to provide buy-side debt advice to support the acquisition of lyntia Networks
DC led several detailed workstreams including securing an optimised debt structure, arrangement of debt facilities and leading negotiations with lenders
DC leveraged its extensive experience in debt advisory alongside deep sector knowledge to obtain certain funds financing to support the bid
Outcome
On 14 May 2022, the Consortium entered into a definitive agreement to acquire lyntia Networks
DC ensured all financing work streams were successfully completed during a competitive time pressured process, which delivered a highly successful outcome to both the Consortium and lyntia Networks
Securing a highly competitive financing package was instrumental to completing the transaction, and this further consolidates the success of DC's debt advisory franchise
This transaction also demonstrates DC's expertise in the telecom sector and strengthens the firm's track record advising on landmark transactions in Europe
This transaction is expected to close late 2022, subject to customary closing conditions and regulatory approvals
