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Announced

Completed

Brookfield-led team completed the investment in $3.7bn in Reliance Jio's tower unit.

Financials

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Transaction Value£2,873m
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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India

Acquisition

tower trust

Private

Real Estate Services

Private Equity

Single Bidder

Friendly

Cross Border

Completed

Minority

Synopsis

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Brookfield Infrastructure Partners and its affiliates completed the investment of $3.66bn in telecom tower assets of the Indian conglomerate. This multi-stage deal to acquire Reliance Jio lnfratel's tower unit marks it as the single-biggest private-equity deal ever in India. "Reliance Industrial Investments and Holdings, a wholly-owned subsidiary of Reliance Industries has entered into an agreement with BIF IV Jarvis India, an affiliate of Brookfield Asset Management Inc. for an investment by Brookfield (along with co-investors) of $3.66bn in the units proposed to be issued by the Tower Infrastructure Trust," the company said in a regulatory filing.

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