altafiber’s Sale of IT Services Provider CBTS to TowerBrook Capital Partners
February 06, 2024
On February 6, 2024, altafiber, provider of integrated communications solutions over its fiber‑optic network to residential and business customers in Ohio, Kentucky, and Indiana, and TowerBrook Capital Partners (“TowerBrook”), the New York and London‑based international investment firm, announced that TowerBrook has agreed to acquire CBTS, a leading North American provider of IT solutions and services, from altafiber. Cravath is representing altafiber in connection with the transaction.
The Cravath team is led by partner Robert I. Townsend III and includes associates Edward O. Minturn, Temiloluwa A. Dele‑Dare, Christopher G. Doherty, Steven T. Marzagalli and Paul Friedrich on M&A matters; partner Stephen M. Kessing, of counsel Sarah F. Rosen and associate Kathryn Kennedy Bleday on financing matters; partner Christopher K. Fargo, of counsel Kiran Sheffrin and associate Kyle R. Jorstad on tax matters; partner Eric W. Hilfers and associate Anna Mikaelyan on executive compensation and benefits matters; partner David J. Kappos and associates Ryan J. Wichtowski and David M. Ungar on intellectual property matters; partner Margaret T. Segall and associate Lavinia M. Borzi on antitrust matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Lucille Dai‑He also worked on intellectual property matters.
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J.D., 1990, Harvard Law Schoolmagna cum laude
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