The transaction is sourced from an 8-K filing with the SEC, filed via SEC EDGAR and published on July 24, 2024. The deal's current status is pending regulatory approval.
On the financial advisory side, Bank Street Group LLC served as financial advisor to Metronet, the target, alongside TD Securities per the same source sentence (though only Bank Street Group is broken out as a structured entry), with no lead designation specified. Citigroup Global Markets Inc. served as T-Mobile's financial advisor, in a lead capacity. For the sponsor side, Barclays and Morgan Stanley & Co. LLC served as lead financial advisors to KKR, with Goldman Sachs, Mizuho, and MUFG also serving as (non-lead) financial advisors to KKR per the source sentence, though only Barclays and Morgan Stanley are broken out as structured entries. Separately, Lazard served as financial advisor to Oak Hill Capital, a role distinct from the other named parties.
On the legal side, Wachtell, Lipton, Rosen & Katz served as T-Mobile's legal counsel alongside Davis Wright Tremaine (named in the same source sentence). Simpson Thacher served as KKR's (sponsor) legal advisor. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Metronet, the target, alongside Polsinelli named in the same source sentence.
Beyond the joint venture acquisition structure with a disclosed deal value of $4,900,000,000, no further detail on the ownership split within the joint venture or other structural terms is provided in the facts block.
Several items are not disclosed in the available record. While the source sentences reference additional advisors (TD Securities for Metronet; Goldman Sachs, Mizuho, and MUFG for KKR; Davis Wright Tremaine and Polsinelli on the legal side), these are not broken out as separate structured advisor entries beyond those named above. No expected closing date or further timeline detail beyond the July 2024 filing date and pending-regulatory status is given.