Weil, Gotshal & Manges LLP recently advised private equity firms JP Morgan Partners, Providence Equity Partners, Quadrangle Capital Partners, and Thomas H. Lee Partners in the merger of two Spanish cable companies, Ono SA and Auna Tlc. Those firms are providing Ono with
1 billion of equity financing to partially finance the acquisition by Ono of Auna Tlc. Ono is paying approximately ¤2.25 billion ($2.7 billion) for Auna Tlc.
Ono is one of Spain's leading providers of broadband communications to individuals and companies.The combined company will serve 2.2 million residential customers and reach 5.7 million homes.
Weil Gotshal's Team included, from the Corporate Group, partners James R. Westra (Boston), Douglas P. Warner (New York), Angela L. Fontana (Dallas), Richard Ginsburg (London), James Leavy, and Claude Serra (Paris), and associates Jonathan S. Blum (Dallas), Rocio Clausen (New York), Kelly M. Dybala (Dallas), and Shefali Shah (New York), and from the Tax Group, partners Andrew L. Gaines and Marc L. Silberberg (New York), and associate Scott M. Sontag (New York).