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Paul Hastings Advises Astorg on Owner Buyout Transaction for SCT Telecom Group

May 16, 2011

Paris, France (May 16, 2011) Paul, Hastings, Janofsky & Walker LLP has advised Astorg concerning its transfer of majority ownership of the SCT Telecom group back to SCT Telecom management led by founding president Pascal Chaboisseau. The owner buyout was backed by TIP Gestion.

Astorg is an independent French capital investment team that manages more than two billion euros and invests in industrial companies or services, often family-owned, that have high-growth potential.

SCT TELECOM employs 250 people and is the premier alternative telecom operator in France in the small-to-medium business range. The team included partner Alexis Terray and Sébastien Crepy.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.