Friedman Kaplan Represents Trilogy International Partners LLC in its Proposed $875 Million Business Combination with Alignvest Acquisition Corporation
Trilogy International Partners, a privately held wireless telecommunications operator, has announced that it has entered into an agreement to effect a business combination with Alignvest Acquisition Corporation (TSE: AQX.A), a Canadian special purpose acquisition corporation, based on a Trilogy enterprise value of US $875 million. The transaction will constitute AQX's qualifying transaction. Friedman Kaplan partners Barry Adelman, Gregg Lerner, and Michael Gordon, along with Counsel Norman Alpert and Associate Elliot Choi advised Trilogy on the deal.
AQX has agreed to purchase up to a 51% equity interest (and a 100% voting interest) in Trilogy. Existing Trilogy shareholders will receive, in exchange for their existing Trilogy securities, new equity interests in Trilogy that can be redeemed in exchange for AQX common shares (or cash based on the then trading price, at the company's option). Such equity will be accompanied by special voting rights in AQX on an as-exchanged proportional basis.
This transaction represents Friedman Kaplan's most recent work with Trilogy Chairman John Stanton, with whom the firm has a long-standing relationship. For over 15 years, Friedman Kaplan has represented Mr. Stanton and his companies, Western Wireless Corporation, VoiceStream, and Trilogy, in connection with myriad transactions. This work has included our representation of Western Wireless Corporation in its over $6 billion merger with Alltel Wireless, and Western Wireless and Trilogy in connection with the formation, purchase and subsequent sale of telephone companies and systems throughout the world, including in Bolivia, Haiti, the Dominican Republic, Austria, Ireland, Croatia, Latvia, New Zealand, Iceland, Georgia, and others, as well as unconsummated deals in Ghana and Cote d'lvoire. More information about the firm's Telecommunications practice can be found here.
More information on the AQX transaction can be found here.