Satellite Solutions Worldwide acquires Sat Internet Services
Hamburg — Law firm Heuking Kühn Lüer Wojtek, advised Satellite Solutions Worldwide Group plc — now called BigBlu Broadband PLC — on the acquisition of Sat Internet Services GmbH (including its Portuguese subsidiary and Italian OpenSky S.r.l.). Shareholder approval was required for the acquisition. The transaction will be financed mainly through a GBP 12 million share placement on the London Stock Exchange and through HSBC debt secured in Germany.
Broadband provider BigBlu Broadband PLC has regional business units in the United Kingdom, France, Germany, Poland, Italy, Spain, Ireland, Norway and Australia and customers in 30 countries. The company was founded in 2008 as Satellite Solutions Worldwide.
Sat Internet Services GmbH, based in Neustadt am Rübenberge, is a provider of satellite Internet. Italy’s OpenSky S.r.l. offers satellite broadband connections to businesses, government agencies as well as end users.
Advisors to BigBlu Broadband PLC: Heuking Kühn Lüer Wojtek
Dr. Stefan Duhnkrack, Photo (Lead, M&A), Dr. Katharina Prasuhn (Corporate/M&A), Fabian G. Gaffron (Tax), Dr. Kai Erhardt (Financing), Tim Petermann (Commercial, Due Diligence), Dr. Søren Pietzcker, LL.M. (IP, Due Diligence), Dr. Thomas Schulz, LL.M. (labor law, due diligence), all Hamburg.
In addition to the team led by Duhnkrack, which advised on German law, the partner firm from the WSG network Shepherd + Wedderburn in Glasgow led the way, supported by the law firm PLMJ in Lisbon.