February 17, 2021
GTCR has entered into a definitive agreement to sell Inteliquent, the largest independent voice communications provider in the United States, to Sinch AB (publ), a global leader in cloud communications for mobile customer engagement as detailed in the company press release. The purchase price paid reflects a total cash consideration of US$1,140 million on a cash and debt-free basis.
Latham & Watkins LLP represented GTCR in the transaction with a corporate team led by Chicago partners Brad Faris and Max Schleusener with associates Omar Ammash and Dian Yu. Advice was also provided on tax matters by New York partner David Raab with associate Eric Kamerman; on benefits and compensation matters by New York partner Bradd Williamson with associates Max Raskin and Brian DeShannon; on intellectual property matters by New York partner Jeffrey Tochner with associate Pelin Serpin; on finance matters by New York partners Joshua Tinkelman and Scott Ollivierre; and on antitrust matters by San Diego partner Hanno Kaiser and Bay Area partner Kelly Smith Fayne with associate Devon Diggs.