Latham & Watkins Advises Charlesbank on Strategic Investment for Spectrotel

Spectrotel Holding, LLC, a leading provider of managed network services and connectivity solutions, has announced that it will merge with AireSpring, a premier provider of global connectivity, managed services, and network infrastructure solutions.

In addition, Spectrotel announced a new strategic investment led by Charlesbank Capital Partners (Charlesbank) in order to support the company’s next phase of growth, including the planned combination with AireSpring. Grain Management will continue to back the combined platform through a reinvestment in the company, and members of the Lonstein family, the founders of AireSpring, will remain significant minority investors. Spectrotel Chief Executive Officer Ross Artale will continue in his role as Chief Executive Officer to lead the combined business.

Latham & Watkins LLP advised Charlesbank in the transaction with a corporate team led by partners Kristen Grannis, John Miller, Brad Guest, and associate Monica Hernandez, along with associates Dante Spurlock, Alberto Cabrera Rivera, Sarah Weiswasser, Kelsey Kitchens, Lauren Stern, Paul Bowers, Dallin Adams, and Ai Ni Lim. Advice was also provided on FCC regulatory matters by partner Matt Brill, with associate Mickey Herman; on finance matters by partners Jerome McCluskey, Max Silverstein, and Alex Harris, with associates Jordan Gratch and Yiyun Sun; on tax matters by partner Matthew Dewitz, with associate Shiyi Parsons; on executive compensation, employment, and benefits matters by partner Austin Ozawa, with associate Sanjana Rao; on labor and employment matters by counsel Sandra Benjamin, with associates Jenny Bobbitt, Alexis Grinstead, and Alyssa Dantoin; on data privacy and cybersecurity matters by partner Robert Blamires, with associate Kathryn Parsons Reponte; on intellectual property matters by partners Pelin Serpin and Steven Betensky, with associates Jamie Eimbinder and Victoria Allen; on antitrust matters by partners Jason Cruise, Kyra Bromley, Thomas Nilsson, and Jana Dammann de Chapto, with associates Carla Palma, Sabrina Feng, and Nicolas Riemann; on anti-bribery and anti-money laundering matters by partner Joseph Bargnesi; and on sanctions and export controls matters by partner Andrew Galdes, with associate Maria Stosz.