On March 8, Kramer Levin client Globecomm Systems Inc. announced that it has acquired Carrier to Carrier Telecom BV (C2C) and the assets of Evolution Communication Ltd. (Evocomm) from Carrier to Carrier Telecom Holdings Ltd. The initial purchase price is approximately $15 million in cash. C2C Holdings may also receive up to $10.9 million of additional cash consideration, through a two-year earn-out, based on reaching certain earning milestones. Globecomm is a leading provider of satellite-based communications infrastructure solutions and services.
The Kramer Levin team that advised Globecomm on the deal consisted of Corporate partner Richard H. Gilden, associate Adam H. Price and law clerk Jennifer A. Wilen.