BOSTON--(BUSINESS WIRE)--Specialized financial transactions require specialized technical transaction advice.
When BTG Pactual Infrastructure II (managed by the Merchant Banking division of BTG Pactual) was considering the purchase of GlobeNet, they came to Pioneer Consulting. International submarine telecommunications experts, Pioneer Consulting, provided a wide reaching set of advisory services from the initial investigations, through the bidding process, debt syndication, and the closing. Now, while the companies are transferring ownership subject to regulatory approvals, Pioneer Consulting is providing technical and commercial expertise to ensure a successful transition.
Valued at approximately US$770M (converted using FX of R$2.26=US$1) this was the largest ever submarine cable company sold. This sale will see the ownership of GlobeNet’s 22,500 km submarine network transfer to the BTG Pactual Infrastructure II fund. With Pioneer Consulting’s help, and a reliable long-term capacity supply arrangement with outgoing owner Brazilian carrier Oi, a firm and growing customer base, an expanding network and a highly upgradeable system, GlobeNet’s clients know that the network will satisfy their requirements for many years to come.
Managing partner for Pioneer Consulting, Keith Schofield said “Pioneer was able to hit the ground running for BTG Pactual. By supplying timely commercial analysis, deep market analysis and cutting-edge technology insight, Pioneer has exactly the right mix of services to support BTG Pactual in this market-shifting transaction.”
About Pioneer Consulting: Pioneer offers a comprehensive set of services for the submarine fiber optic telecommunication system industry such as: due diligence, engineering and implementation, market & technical studies, maintenance planning & operational support, and market research reports. For further information about Pioneer Consulting visit www.pioneerconsulting.com.