YPOG advises Deutsche GigaNetz on the entry of DWS
Hamburg — German fiber-optic provider Deutsche GigaNetz GmbH has joined infrastructure investor DWS. DWS initially intends to invest a mid-three-digit million euro amount. The existing investor InfraRed Capital Partners will continue to provide equity and remains invested, as does the founding team around CEO Jan Georg Budden. In the medium term, DWS intends to become a majority shareholder. A YPOG team led by Jörn Wöbke advised the German fiber optic provider Deutsche GigaNetz GmbH on this transaction.
Last year, Deutsche GigaNetz set itself the target of investing €3 billion in fiber-optic expansion within five years and providing one million households, mainly in rural areas, with a fiber-to-the-home (FTTH) connection. The investment by Deutsche Bank’s fund subsidiary DWS is now expected to help fulfill the original €3 billion business plan as well as enable growth beyond that.
The team led by Jörn Wöbke, whose expertise Deutsche GigaNetz already relied on in the last financing round in 2021, advised on all legal and tax issues.
Consultant Deutsche GigaNetz: YPOG
Dr. Jörn Wöbke (Lead, Corporate), Partner
Dr. Malte Bergmann (Tax), Partner
Dr. Emma Peters (Corporate), Senior Associate
Johannes Schmidt (Corporate), Associate
Boris Schinzel (Corporate), Associate
Lukas Schmitt (Tax), Associale
About Deutsche GigaNetz
Deutsche GigaNetz, based in Hamburg, Germany, focuses on infrastructure and IT telecommunications products, in particular the development, construction and operation of high-quality fiber optic telecommunications networks. The company is committed to a future-oriented Internet infrastructure in Germany and is working to provide fast, reliable and cost-effective fiber-optic and high-speed Internet connections. The fiber-optic technology offered by Deutsche GigaNetz is superior to copper or cable networks not only in the areas of data communications and transport. FTTH infrastructures in particular also promise significant energy savings compared with conventional networks.
YPOG is a specialist tax and commercial law firm operating in the core areas of Corporate, Funds, Litigation, Tax, Transactions, IP/IT, Notary Services, Banking + Financial Services and FinTech + Blockchain. The YPOG team advises a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. YPOG is one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners are listed nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, YPOG employs more than 100 experienced lawyers, tax advisors, tax specialists and a notary in three offices in Berlin, Hamburg and Cologne. www.ypog.law