Vantiva S.A. acquired 24.73% stake in Home Networks business of CommScope Holding Company, Inc. for approximately $117.21 million.
January 08, 2024
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Vantiva S.A. (ENXTPA:VANTI) acquired 24.73% stake in Home Networks business of CommScope Holding Company, Inc. (NasdaqGS:COMM) for approximately $117.21 million on December 7, 2023.The consideration includes 134.704669 million common stock, $0.25 million cash and earn out of $100 million which is subject to the satisfaction of certain conditions. In the last twelve months ending June 2023, CommScope Home Networks generated $1.5 billion in sales, respectively. Vantiva also appointed the directors to the company's Board of Directors: CommScope Holding Company, Inc. as Director, represented by Krista Bowen, and Angelo, Gordon & Co. L.P. as Director. d?Angelin & Co. is acting as financial advisor to Vantiva. Bryan Cave Leighton Paisner is acting as legal advisor to Vantiva. Faegre Drinker Biddle & Reath is acting as legal antitrust advisor to Vantiva.
Vantiva S.A. (ENXTPA:VANTI) completed the acquisition of 24.73% stake in Home Networks business of CommScope Holding Company, Inc. (NasdaqGS:COMM) on January 9, 2024.
CommScope Holding Company, Inc. is a global provider of infrastructure solutions for communication, data center and entertainment networks. Its segments include Connectivity and Cable Solutions (CCS), Outdoor Wireless Networks (OWN), Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS). The CCS segment provides fiber optic and copper connectivity and cable solutions for use in telecommunications, cable television, residential broadband networks, data centers and business enterprises. The OWN segment includes base station antennas, radio frequency filters, tower connectivity, microwave antennas, metro cell products, cabinets, steel, accessories and the wireless spectrum management business, Comsearch. The NICS segment provides wireless networks for enterprises and service providers. The ANS segmentâs product solutions include cable modem termination systems, video infrastructure, distribution and transmission equipment and cloud solutions.
COMMSCOPE HOLDING COMPANY, INC. 
