Vinge advises EQT Infrastructure on the EUR 2.7 billion refinancing for its portfolio company GlobalConnect, the leading supplier of B2B and B2C connectivity and digital infrastructure across Northern Europe. The refinancing has raised further funds for expansion and was backed by a group of 14 Scandinavian and international lenders.
GlobalConnect’s business concept is to enable digitalisation by owning, developing and offering the best infrastructure and communication services for the digital society comprising of construction, maintenance and development of a large and wide-ranging network with fibre-to-the-home connections, access for business and delivery of connected solutions, products and competencies. GlobalConnect’s fibre network of approximately 84,500 km connects all major hubs across Northern Europe, but also provides strong regional capillarity across Sweden, Norway and Denmark as well as strategic positions in Finland and Northern Germany.
The new debt refinances loans which were previously held separately by the Danish-Norwegian GlobalConnect and the Swedish IP-Only, as GlobalConnect and IP-Only were merged during last year.
Vinge’s team consisted of Daniel Rosvall, Karl Klackenberg, Desirée Sjöblom and Nina Gransäter (M&A and Restructuring), Louise Brorsson Salomon and Pauline Lagerstrand (Financing), Mathilda Persson (Commercial Agreements), Kristoffer Larson and Isak Willborg (Real Estate and Construction), Martin Johansson, Hedvig Josefson, Sebastian Örndahl and Joel Kokko (EU Regulatory), Tove Lövgren Frisk (Compliance), Karl-Hugo Engdahl (GDPR), Sara Strandberg (Employment), Maria Schultzberg (Tax) and Viktoria Owetz Leyva and Christoffer Widström (VDR‑specialists).
