FMC GlobalSat’s Acquisition of Santander Teleport

Clifford Chance advised FMC GlobalSat on the deal while Garrigues has assisted Erzia group.

FMC GlobalSat acquired 100% of Santander Teleport, a World Teleport Association award-winning independent Spanish teleport operator in the Cantabria region. FMC GlobalSat Holdings Inc is a global provider of satellite and wireless connectivity solutions headquartered in Florida. This acquisition (subject to customary closing conditions) from the ERZIA group, which founded Santander Teleport in 2010, will solidify FMC’s position in the provision of connectivity solutions and increase its presence in Europe, Africa and the Middle East.

The Clifford Chance team advising FMC GlobalSat in the due diligence, purchase and authorisation process was led by corporate partner Guillermo Guardia (Picture), supported by associates José María Vilaseca, Cristina González, María Viñas and Estel Casas. Additionally, counsel Carme Briera advises on regulatory issues.

Garrigues Bilbao office team was led by Corporate/M&A partner Ricardo Villanueva (pictured right), along with with associates Sofía Barrena and Alejandra Bicarregui.

Involved fees earner: Carme Briera – Clifford Chance; Cristina González – Clifford Chance; Guillermo Guardia – Clifford Chance; José María Vilaseca – Clifford Chance; Sofía Barrena Elguea – Garrigues; Alejandra Bicarregui – Garrigues; Ricardo Villanueva Vielba – Garrigues;

Law Firms: Clifford Chance; Garrigues;

Clients: Erzia Group; FMC GlobalSat;

Giulia Di Palma

Author: Giulia Di Palma