Bloomberg Law
March 10, 2023, 7:45 PM

Antin Infrastructure Accused of Reneging on $230 Million Deal

Mike Leonard
Mike Leonard
Legal Reporter

The founder of a Florida telecommunications company sued Antin Infrastructure Partners SAS, claiming the French private equity firm is trying to walk away from their planned $230 million merger on a pretext.

The lawsuit—which seeks to compel closing of the deal—accuses Antin of reneging after raising bogus concerns about a minor legal claim filed against an affiliate of the telecom business, OpticalTel. OpticalTel agreed to indemnify Antin and set aside more than enough to cover a claim worth less than $215,000, according to the complaint.

“Antin’s unwillingness to entertain a commercially reasonable solution to the problem of a third-party claim” ...