Latham & Watkins has advised Keppel Infrastructure Fund (KIF) on its acquisition of a 100% stake in Global Marine Group (GMG), a leading subsea cable solutions provider. The acquisition, which also includes KIF’s co-investor, is a significant move for the Singapore-led infrastructure fund and marks its first investment in the sector.
Global Marine Group, headquartered in the UK, is one of the largest independent providers of subsea cable services globally. The company operates a fleet of six specialized vessels that offer essential installation and maintenance services for subsea fiber optic cable networks, ensuring critical connectivity for global communications.
The Latham team that supported KIF on the transaction was led by Singapore corporate partner Sidharth Bhasin and infrastructure partner Don Stokes, with additional input from London corporate partner Beatrice Lo, Singapore associate Andrew Lee, and London associate Victoria Mah. The team also provided advice across various areas, including corporate, finance, employment, tax, insurance, CFIUS, sanctions, compliance, and antitrust matters.
Corporate matters were handled by Singapore counsel Carolyn Wong and Bay Area associate Danny Nordstrom, while finance advice came from Singapore partner Andrew Bishop, Hong Kong counsel Lynsey Edgar, and associates Yun Cao and Karen Wong. London partners Karl Mah and Aoife McCabe, alongside associates Isabella Wong and Joshua James Atkinson, managed tax issues. Insurance matters were overseen by Los Angeles partner S. Drew Levin, with San Diego counsel Hannah Cary and associate Celia Mishra. CFIUS concerns were addressed by Washington, D.C. partner James Barker, with counsel Catherine Hein and associate Asia Cadet. On sanctions and compliance matters, London partner Robert Price and associate Amaryllis Bernitsa contributed, while antitrust advice came from London associates James Mathieson and Brussels associate Romain Perrois. White collar matters were handled by London associate Annie Birch.
This acquisition represents a strategic expansion for Keppel Infrastructure Fund into the subsea cable sector, a critical component of the global communications infrastructure.
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