Hogan Lovells advises UBS on its first infrastructure equity investment in Germany
Led by Frankfurt partner Alexander Stefan Rieger international law firm Hogan Lovells advised leading fund manager UBS Asset Management Real Estate & Private Markets (UBS) on the acquisition of a 100% equity stake in German digital infrastructure business Lünecom.
Lünecom, a leading independent rural fiber optic (Fiber-to-the-Home, FttH) infrastructure operator, is offering super-fast fiber internet as well as IP telephony and IPTV in Northern Germany. Together with UBS, Lünecom plans to invest a further EUR 160m to bring fiber to more than 100,000 homes and expand to a further 50,000 homes in target areas across the north of Germany.
The transaction is already completed and marks UBS' first infrastructure equity investment in Germany. Hogan Lovells supported and advised UBS with regard to all legal aspects. Herbst Hilgenfeldt Partners, Rautenberg & Company and Eight Advisory were also involved on behalf of UBS.
The acquisition of Lünecom was the seventh German FttH transaction handled by the team since the beginning of the pandemic, underlining Hogan Lovells’ strong position in the German digital infrastructure market.
Hogan Lovells team for UBS
Frankfurt
Dr. Alexander Stefan Rieger (Partner, Lead, Infrastructure),
Dr. Jörg Herwig (Partner/Notary, Corporate/M&A),
Johannes Groß (Associate), Pascal Wagenführ (Associate), Jan Hendrik Müller (Associate), Camilla Fröhlich (Associate), Ruchi Rawat (Associate) (all Infrastructure);
Alexandra Willm (Associate), Konstantin Weber (Associate) (both Corporate/M&A);
Prof. Dr. Fabian Pfuhl (Counsel), Anne Schmitt (Senior Associate) (both Intellectual Property);
Dr. Kerstin Neighbour (Partner), Charlotte Baecker (Associate) (both Employment);
Hamburg
Dr. Carla Luh (Partner), Marco Weibrecht, Christian Martin Hermanussen (Senior Associate), Jens Velten (Associate) (all Infrastructure);
Dusseldorf
Dr. Mathias Schönhaus (Partner, Tax).
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