Baker McKenzie acted on client, Superloop Limited's, proposed acquisition of Exetel Pty Ltd and associated A$110 million capital raising, comprising A$100 million in cash consideration and A$10 million in Superloop shares.

Superloop is a leading Asia Pacific independent provider of connectivity services. The company owns and operates its carrier-grade metropolitan fibre networks in Australia, Singapore and Hong Kong, connecting the region's key data centres and bandwidth-intensive buildings. In addition to its own fibre network, Superloop is connected to all NBN Points Of Interconnect across Australia and operates its own nationwide fixed wireless network that collectively deliver high performance, connectivity solutions to businesses and homes underpinning the region’s digital economy.

Baker McKenzie lead partner, Derek Pocock stated: "The acquisition is expected to accelerate the utilisation of Superloop's infrastructure assets and deliver material network cost synergies." 

It is anticipated that the capital raising will be complete by early July 2021, with the acquisition to settle on 31 July 2021, subject to satisfaction of various conditions."

Derek was assisted by a local Baker McKenzie team comprising: Adrienne de Bruyn, Isaac Evans, Adrian Lawrence, Allison Manvell, Phoebe Chorin, along with a team based out of the Baker McKenzie's London office. 

UBS AG, Australia Branch and Canaccord Genuity (Australia) Limited are acting as joint lead managers and underwriters to the capital raising, and Bonitz Advisory is acting as corporate M&A advisor to Superloop in respect of the proposed acquisition of Exetel.
Explore Our Newsroom