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Announced

Digital Colony-backed Highline do Brasil to acquire Phoenix Tower do Brasil from Blackstone for $443m.

Financials

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Transaction Value£347m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales9.6x
EV/EBITDA11.97x
Share Price Premium-
One Off Charge-

Tags

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Private

Pending

telecommunications infrastructure company

Private Equity

Friendly

Telecommunications infrastructure

Majority

Brazil

Acquisition

Single Bidder

Disposal

Cross Border

Synopsis

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Digital Colony-backed Highline do Brasil, an infrastructure solutions provider for the telecommunications industry, agreed to acquire Phoenix Tower do Brasil, an independent telecommunications infrastructure provider, from The Blackstone Group for $443m. "We are excited about Highline’s progression in one of the fastest-growing and most dynamic telecommunications markets in the region. There are significant digital infrastructure investment opportunities in Brazil, and this acquisition will augment Highline’s ability to meet the increasing need for telecom infrastructure as our wireless carrier partners continue to densify their networks to keep up with the rapid growth in data consumption," Steven Sonnenstein, Digital Colony Managing Director.

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