Gilbert + Tobin has acted for Superloop Limited on the financing of its $110 million acquisition of Exetel Pty Ltd.
Superloop is a leading independent provider of connectivity services that designs, constructs and operates networks throughout the Asia Pacific region, including fibre networks in Australia, Singapore and Hong Kong.
Exetel is Australia's largest private, independent Internet Service Provider (ISP), with more than 110,000 consumer and business customers. This strategic acquisition is expected to double revenue, triple customers, monetise Superloop’s high-speed internet network and boost growth in key customer segments.
G+T’s expertise and experience coordinating a refinancing of Superloop’s debt facilities in order to facilitate this acquisition under an extremely tight timeframe was key in securing the best terms for Superloop and ensuring a seamless and efficient acquisition process.
The G+T team was led by Banking + Infrastructure partner Spiro Papadolias who said: “We are delighted to have supported Superloop on this milestone transaction, which will help the business secure its strategic objectives going forward and drive further growth across its consumer, business and wholesale business segments”.
Spiro was supported by lawyer Corrie Eames and graduate Taylor Jones.
Gilbert + Tobin’s Banking + Infrastructure team is recognised in the leading legal directories, including most recently being ranked at Band 1 for Banking and Finance – Acquisition Finance and Banking and Finance – Corporate Finance by Chambers Asia-Pacific 2021 and Tier 1 for Banking & Finance, Project Finance and Restructuring & Insolvency by Legal 500. G+T has significant experience advising leading Australian and international financial institutions, investment banks, corporations and private equity funds. We act for lenders, borrowers, sponsors and consortia on a range of issues from high-value corporate transactions to complex restructuring projects.