Shearman & Sterling advised a consortium of investors comprising private equity firm Apax Partners, cable and telecom investment company Altice and investment company Deficom Group SA on the financing for their acquisition of Numericable's cable businesses in Belgium and Luxembourg. Numericable is currently the leading cable operator in the Brussels region and boasts 25% of the Luxembourg market.

The Shearman & Sterling team coordinated all aspects of the financing for the acquisition across the relevant jurisdictions. The financing included a senior bridge facility and a revolving credit facility for working capital purposes, secured against assets in Belgium and Luxembourg.

The Shearman & Sterling team of lawyers in the firm's London and Paris offices was led by finance partners Clifford Atkins, Pierre-Nicholas Ferrand and Mei Lian. They were assisted by associates Eric Ho, David Shennan and Romain Rabillard.

Shearman & Sterling has advised on various deals in the cable sector, including Ziggo Bond Company B.V.'s €1.2 billion bond offering. Ziggo is the largest cable network operator in the Netherlands.