Munich Re-backed MEAG completed the acquisition of a minority stake in TowerPoint from Meritage Group.

Munich Re-backed MEAG, an investment management company, completed the acquisition of a minority stake in TowerPoint, a digital infrastructure platform, from Meritage Group, an investment adviser. Financial terms were not disclosed. “We at MEAG are excited about the opportunity to join Meritage and Ullico as investors in TowerPoint Infrastructure Partners on behalf of our client Munich Re and to support TowerPoint Infrastructure Partner’s growth and expansion efforts,” Martin Kaufmann, Munich Re Senior Vice President.