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Announced

Completed

Blackstone completed the $1.4bn investment in Phoenix Tower International.

Financials

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Transaction Value£1,070m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Friendly

wireless infrastructure

Single Bidder

Private

United States

Majority

Telecommunications Equipment

Telecom Carriers

Private Equity

Synopsis

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Blackstone completed its $1.4bn investment in Phoenix Tower International, owner and operator of wireless infrastructure sites. “We are excited to continue our fantastic partnership with Tac Opps and the completion of this fundraise represents a further confirmation of our business plan. As our customers shift towards their 5G build-out needs, they require well-capitalized infrastructure providers that they trust with a mandate to work with them globally and across all of their infrastructure needs. PTI has the track record, expertise and balance sheet to be a market leader in the coming years with Blackstone’s ongoing support,” Dagan Kasavana, Phoenix Tower International CEO.

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