TPG in Acquisition of TDF S.A.
November 6, 2006
Cleary Gottlieb is representing Texas Pacific Group in its acquisition with certain co-investors of TDF S.A. for €3.31 billion in cash and the assumption of €1.5 billion in existing debt. The deal signed on November 6 and is expected to close on or after January 31, 2007.
TDF provides over-the-air and wireless services to broadcasters and telecom operators and owns and operates terrestrial infrastructure used for the transport of TV, radio and telecom signals. TDF’s services include the design, installation, management and maintenance of broadcasting and wireless networks, as well as the provision of so-called “video shooting” and “play-out” services.