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Announced

Completed

Stonepeak completed the acquisition of a 49% stake in Sweden and Denmark operations from Cellnex for $769m.

Financials

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Transaction Value£631m
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Minority

Friendly

Single Bidder

Sweden

Denmark

wireless telecommunications

Telecommunications Services: Other

Acquisition

Private

Private Equity

Completed

Synopsis

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Stonepeak, an alternative investment firm specializing in infrastructure and real assets, completed the acquisition of a 49% stake in Sweden and Denmark operations from Cellnex, an independent operator of wireless telecommunications infrastructure, for $769m. “We are pleased to have completed this transaction, which represents a natural fit for our core infrastructure strategy as well as a significant milestone in what we hope will be a long-term partnership with Cellnex. We look forward to working with the Cellnex management team in pursuing the significant value creation opportunities that we believe lie ahead in Sweden and Denmark,” Cyrus Gentry, Stonepeak Managing Director.

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