Announced

BCI to acquire a minority stake in Pinnacle Towers from KKR.

Synopsis

BCI, one of the largest institutional investors in Canada, agreed to acquire a minority stake in Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the Philippines, from KKR, a global investment firm. Financial terms were not disclosed. "We are excited to work closely with KKR and Pinnacle’s management team to support the growth of the business. The Philippines represents a compelling market for long-term capital, especially in essential digital infrastructure services. This investment aligns with our emerging markets strategy of backing high-quality infrastructure assets alongside strong institutional partners. We look forward to supporting Pinnacle Towers as it continues to enhance digital connectivity and drive meaningful impact across the Philippines," Lincoln Webb, BCI Executive Vice President & Global Head, Infrastructure & Renewable Resources.

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