News & Knowledge
Troutman Sanders Advises Lumos Networks Corp. on EQT Infrastructure Acquisition
RICHMOND, Feb. 24, 2017 – Troutman Sanders LLP announced today that it advised Waynesboro-Va.-based Lumos Networks Corp., a leading fiber-based service provider in the Mid-Atlantic region of the U.S., in a definitive agreement to be acquired by EQT Infrastructure, a Swedish private equity firm.
Under the terms of the all-cash, $950 million transaction, EQT Infrastructure will acquire Lumos Networks for $18.00 per share.
The Troutman Sanders team assisting Lumos Network in the deal included corporate lawyers David Carter, Mason Bayler, Coby Beck, Heather Ducat, Betty Segaar, Camille Pompei, and Kaitlin Cannavo, employee benefits lawyer Jeff Banish, finance lawyer Hazen Dempster, intellectual property lawyer Mike Hobbs, and tax lawyer Robert Friedman.
Detailed information about the transaction can be found here.
About Troutman Sanders:
Troutman Sanders LLP is an international law firm with more than 650 lawyers in 16 offices located throughout North America and Asia. Founded in 1897, the firm’s lawyers provide counsel and advice in practically every aspect of civil and commercial law related to the firm’s core practice areas: Corporate, Energy and Industry Regulation, Finance, Litigation and Real Estate. Firm clients range from multinational corporations to individual entrepreneurs, federal and state agencies to foreign governments, and non-profit organizations to businesses representing virtually every sector and industry. See troutmansanders.com for more information.