Simpson Thacher is representing funds advised by Apax Partners LLP (“Apax”) on its agreement to acquire the shareholding of its co-investor, funds advised by Warburg Pincus (“Warburg Pincus”), in Odido Netherlands Holding B.V. (“Odido” or “the Company”). The transaction is subject to customary closing conditions, including regulatory approvals and consultation of employee representatives.
The Apax Funds and Warburg Pincus have been shareholders in Odido since 2022 when they acquired the business from Deutsche Telekom and Tele2. Since then, Odido has made strong progress. It completed a successful rebrand, modernised its mobile network, and now has access to the largest fibre footprint in the Netherlands. Throughout, Odido has put the customer first. Its ambition is to become the Netherlands' customer champion by making technology more human, accessible and relevant to everyday life.
On completion, funds advised by Apax will continue to back Odido as a committed, long-term owner, supporting ongoing investment in its network, customer experience, and digital inclusion work.
The Simpson Thacher team was led by James R. Howe, Chris Vallance, Sarah Leiper-Jennings, Beanka Chiang and Amy Wang (M&A); Seema Shah, Ed Ford, Max Gordon, Megan Vasey and Victoria Rendueles-Alvarez (Funds); Caleb McConnell, Phoebe Adams, Meredith Jones, Matthew Lester (Tax); and Nicholas Shaw, Srishti Gupta, Eugenia Repetto, Alessio D’Alessandro, Busra Kakdas and Stefan Luginbuehl (Finance and Capital Markets).