Clifford Chance advises KKR, DTCP and Open Dutch Fiber on acquisition of TOF Group
The all-share deal will accelerate the capabilities and increase the superfast fiber optic networks by 2025
Clifford Chance advised KKR, DTCP and Open Dutch Fiber on acquisition of TOF Group
The all-share deal will accelerate the capabilities and increase the superfast fiber optic networks by 2025
International law firm Clifford Chance has advised its longstanding clients Kohlberg Kravis Roberts & Co (KKR) and Digital Transformation Capital Partners (DTCP) and their joint-venture Open Dutch Fiber (ODF), on the acquisition of TOF Group B.V., based in Rosmalen, the Netherlands.
ODF is the leading independent Fiber-to-the-Home platform with open access in the Netherlands.
TOF Group is a market leader in the technical installation of high-quality fiber networks, including building fiber optic connections, to homes and offices.
The acquisition accelerates the pace of ODF to connect customers to unparalleled internal connection capabilities. By 2025, it expects to increase its superfast fiber optic networks from 1 million to over 2 million.
Meanwhile, the capabilities of the TOF Group will support the realization of ODF’s increased demand for high-quality fiber connections.
Dave Eveleens, the CEO of TOF Group stated, "We are delighted to be part of the Open Dutch Fiber family. By joining forces, we will further expand our specialty in realizing fiber connections and serve the fast-growing ODF customer base. We are keen on contributing to the mission of ODF to give every household access to independent, high-quality fiber networks. We look forward to joint growth and successful cooperation."
Floris van den Broek, the CEO of Open Dutch Fiber remarked, "We are pleased to have TOF Group in our team. Now we can meet the increased demand from customers to connect both homes and offices to our fiber network even faster. The acquisition of TOF Group combines a market leader in home connections with a market leader in fiber deployment across the Netherlands”
The Clifford Chance core team comprised Jan-Hendrik Horsmeier, Ernst van der Touw, Dirk Berendsen, Bart van Hattum, Nancy Stoke, Laura Dolstra, Samuel van Eijnatten, and Bart Stuyfzand.
They were supported by Tjerk de Jonge and Esmée Oldenkamp (notary), Wijnanda Rutten (pensions), Astrid van Ommeren and Brittany Freling (employment), Liesbeth Buiter, Johanneke Butijn, and Kris Soomers (projects), Folko de Vries and Jasper Leistra (finance), Jaap Tempelman and Andrei Mikes (tech/digital).