Davis Polk is advising I Squared Capital on its acquisition of Hutchison Global Communications from Hutchison Telecommunications Hong Kong for approximately HK$14.5 billion ($1.9 billion) in cash. The transaction is expected to close by October 2017, subject to customary closing conditions.
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities and transport in the Americas, Europe and select high growth economies. Hutchison Global Communications is a fixed-line service provider to fixed and mobile carriers, OTT service providers, corporate and business, residential and data centers in Hong Kong and around the world. Hutchison Telecommunications Hong Kong is a telecommunications operator that combines the strengths of mobile, fixed and Wi-Fi networks and is listed on the Hong Kong Stock Exchange.
The Davis Polk corporate team includes partner Paul Chow and counsel Sam Kelso and Brian J. Snyder. All members of the Davis Polk team are based in the Hong Kong office.