These statements are based on the current beliefs and expectations of GTT’s management and are subject to significant risks and uncertainties. This Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and such statements are intended to be covered by the safe harbor provided by the same. The firm has offices in Hong Kong, London, Miami, New Delhi, New York and Singapore. I Squared Capital is an independent global infrastructure investment management firm focusing on energy, utilities, digital infrastructure, transport and social infrastructure in the Americas, Europe and Asia. For more information on GTT (NYSE: GTT), please visit About I Squared Capital GTT owns and operates a global Tier 1 internet network and provides a comprehensive suite of cloud networking services. Our clients benefit from an outstanding service experience built on our core values of simplicity, speed and agility. GTT connects people across organizations, around the world and to every application in the cloud. Gautam Bhandari, Managing Partner, I Squared Capitalġ The total consideration includes an upfront cash payment of $2.02 billion at closing and total deferred payments of up to $130 million based on certain financial results. Morgan Stanley acted as financial advisor and Rothschild as debt advisor to I Squared Capital, with Solon acting as commercial and technical advisor, KPMG as tax and accounting advisor, Linklaters as legal advisor and Latham & Watkins as borrower’s counsel. The acquisition is expected to close, subject to satisfying all required regulatory approvals and contingencies included in the agreement, during the first half of 2021.Ĭredit Suisse and Goldman Sachs are the financial advisors and Goodwin Proctor LLP is acting as legal advisor to GTT on this transaction.
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