Kapsch CarrierCom AG

Our client, Kapsch CarrierCom (KCC), completed the acquisition of various assets from Nortel Networks (in administration) comprising its GSM and GSM-R network equipment businesses in the Europe Middle East and Asia regions.

KCC is a wholly owned subsidiary of the family-owned Kapsch Group and is headquartered in Austria. It specialises in providing voice and data communications solutions for fixed and mobile network providers.

Nortel Networks was formerly one of the world's largest makers of telecommunications equipment. The business filed for bankruptcy protection in January 2009 and commenced a lengthy business and financial restructuring process. Its GSM and GSM-R network equipment businesses design and manufacture a broad range of network equipment products utilised by mobile phone network operators and communication network providers to the railway industry.

The transaction was successfully completed despite a number of significant complexities resulting from Nortel Network's multi-jurisdictional bankruptcy proceedings.

Canaccord Genuity advised KCC in relation to overall transaction strategy, and provided tactical, financial and project management advice in securing a highly contested asset.