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New Deal


Announced

CBRE Caledon to acquire a majority stake in CitySwitch from American Infrastructure.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Telecommunications Equipment

Friendly

Acquisition

Cross Border

telecom towers

Majority

United States

wireless communication

Private Equity

Private

Pending

Single Bidder

Synopsis

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CBRE Caledon, an infrastructure and private equity manager and solutions provider, agreed to acquire a majority stake in CitySwitch, a build-to-suit wireless tower developer and operator, from American Infrastructure, a provider of investment advisory services. Financial terms weer not disclosed. “We continue to see strong value for our investors in digital infrastructure and are excited to complete this investment on behalf of our fund and separately managed account. The highly predictable nature of future cash flows supported by long-term contracts for this mission-critical infrastructure will provide our investors with strong downside protection and the potential for superior risk-adjusted returns," Stephen Dowd, CBRE Caledon CIO of Private Infrastructure Strategies.

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