Hengeler Mueller Advises United Internet on Sale of 1&1 Versatel to 1&1

Hengeler Mueller advised United Internet AG on the transaction, and the deal was managed by United Internet's in‑house legal team; the counterparty was 1&1 AG. United Internet AG and 1&1 AG agreed on an intra-group sale of United Internet Management Holding SE (100% held by United Internet), including its wholly owned subsidiary 1&1 Versatel GmbH, to 1&1 AG. As both United Internet and 1&1 are listed companies with minority shareholders, the sale was conducted on an arm's length basis. The purchase price amounts to approximately EUR 1.3 billion, subject to a potential adjustment of up to EUR 300 million increase or decrease depending on 1&1 Versatel's business performance in 2027, 2028 and 2029; any such adjustment would be payable in 2030. Under the terms of the transaction, 1&1 will acquire 1&1 Versatel with all assets and liabilities, in particular its network infrastructure. A shareholder loan of approximately EUR 950 million previously granted by United Internet to 1&1 Versatel will remain with United Internet and will be secured by a guarantee from 1&1 as part of the sale. Through this internal restructuring and the sale of 1&1 Versatel to 1&1, United Internet is consolidating its telecommunications activities and expertise under the umbrella of 1&1. 1&1 Versatel is a specialist provider of fibre‑optic connectivity for businesses, authorities and institutions, operating a fibre network of roughly 67,000 kilometres reaching over 350 cities and offering extensive wholesale and preliminary services to other telecommunications companies. The acquisition gives 1&1 the infrastructure required for its fixed‑line and mobile business and a strengthened B2B segment. Hengeler Mueller represented United Internet with a team composed by: Daniela Favoccia (partner, lead, Corporate/M&A, Frankfurt); Katharina Hesse (partner, Corporate/M&A and Regulatory, Düsseldorf); Lea Sophie Grohmann (senior associate, Corporate/M&A, Frankfurt); Johannes Tieves (partner, Financing, Frankfurt); Markus Röhrig (partner, Antitrust, Brussels); Matthias Rothkopf (partner, IP/IT, Düsseldorf). In-house team United Internet represented United Internet with a team composed by: Martin Düker (Group General Counsel); Tilmann Becker (Senior Legal Counsel).

Hengeler Mueller Advises United Internet on Sale of 1&1 Versatel to 1&1

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