Blackstone-backed Phoenix Tower acquired K2-Tower.

Synopsis

Blackstone-backed Phoenix Tower, a telecommunications service provider in Boca Raton, Florida, acquired K2-Tower, which develops and operates wireless communication towers in Brazil. Financial terms were not disclosed.

Principals

target

K2-TOWER

bidder

Blackstone Group

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Market Context

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Seller Team (1)

luiz muniz

Managing Director at Rothschild & Co

Financial Advisor

target

Deals

£ 13.39 B

Total Value

Bidder Team (2)

dagan kasavana

CEO at PHOENIX TOWER INTERNATIONAL LLC

Manager

bidder

Deals

£ 3.75 B

Total Value

michael bremer

CFO at PHOENIX TOWER INTERNATIONAL LLC

Manager

bidder

Deals

£ 1.60 B

Total Value

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