February 01, 2021
Weil advised GI Partners, an investor in data infrastructure businesses in the United States, in its acquisition of Vast Broadband, a provider of high-speed broadband, video and phone services to more than 60,000 residential and business customers in South Dakota and Minnesota. Financial terms of the transaction have not been disclosed. The transaction is subject to regulatory and stockholder approvals, and other customary closing conditions.
The Weil team that advised GI Partners was led by Private Equity Co-Head Doug Warner and included Private Equity associate Rachel Lowitz. The team also included Banking & Finance partner Allison Liff; Banking & Finance associate Justina Chen; Tax partner Jonathan J. Macke; Tax associate Carlos Parra; Private Equity Executive Compensation & Benefits Head Michael Nissan; Executive Compensation & Benefits partner Sarah Downie; Technology & IP Transactions partner Jeffrey Osterman; Technology & IP Transactions/Privacy associates Alexa Chu Clinton and Caleb Small; Environmental Head Annemargaret Connolly; Antitrust counsel Vadim Brusser; and Employment Litigation partner Nicholas Pappas.