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DIV acquires 38 percent of Cellnex Netherlands

Photo: Jens Kretz­sch­mann, Part­ner at SMP
27. Janu­ary 2021

Bonn — DIV estab­lis­hes the inde­pen­dent infra­st­ruc­ture fund Digi­tal Infra­st­ruc­ture Vehi­cle (DIV) and acqui­res 38 percent of Cell­nex Nether­lands for this purpose. SMP provi­ded compre­hen­sive tax advice on the estab­lish­ment of the inde­pen­dent funds vehi­cle (DIV) and tax advice on the anchor invest­ment in Cell­nex Netherlands.

In the future, DIV will focus on invest­ments in digi­tal infra­st­ruc­ture projects (fiber, towers and data centers) prima­rily in Europe. Deut­sche Tele­kom and Cell­nex stand ready as anchor investors.

DIV’s anchor invest­ment is the acqui­si­tion of a 38% stake in Cell­nex Nether­lands, in which Deut­sche Tele­kom and Cell­nex combine their tower busi­ness in the Nether­lands. Upon comple­tion of the invest­ment, Cell­nex Nether­lands will operate a total of 4,314 sites, inclu­ding 180 new sites to be built over the next 7 years. — Further infor­ma­tion is avail­able in English on the Deut­sche Tele­kom and Cell­nex websites.

Consul­tant DIV: SMP 
Jens Kretz­sch­mann (Lead Part­ner, Fund Forma­tion), Partner
Andreas Korten­dick (Lead Part­ner, Tax), Partner
Lenn­art Lorenz (Regu­la­tory Law), Partner
Dr. Stephan Bank (Fund Forma­tion), Partner
Matthias Enge (Fund Forma­tion), Asso­cia­ted Partner
Dr. Chris­tian Jois­ten (Taxes), Asso­cia­ted Partner
Michael Blank (Fund Forma­tion), Associate
Ramona Seufer (Taxes), Associate
David Wittek (Taxes), Associate
Dr. Niklas Ulrich (Regu­la­tory Law), Associate
Dr. Florian Wilbrink (Fund Forma­tion), Associate

About SMP

SMP is a law firm specia­li­zing in tax and busi­ness law, with core prac­tice areas in corpo­rate, funds, liti­ga­tion, tax and tran­sac­tions. SMP’s clients include emer­ging tech­no­logy compa­nies and family-owned mid-sized busi­nes­ses as well as corpo­ra­ti­ons and private equity and venture capi­tal funds. Since its foun­da­tion in 2017, SMP has become one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Partners.SMP today employs over 60 expe­ri­en­ced attor­neys, tax advi­sors, and tax specia­lists in three offices in Berlin, Hamburg, and Cologne.

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