 |
FGS Global and Kekst CNC handle the $3B takeover of Radius Global Infrastructure by EQT Active Core Infrastructure and Public Sector Pension Investment Board.
The $15 per share cash price is a 31 percent premium over RGI’s average closing price over the past 90 days.
RGI leases cell sites to cellular tower companies and mobile network operators. EQT is a purpose-driven investment group. PSB is one of Canada’s biggest pension investment fund managers.
Bill Berkman, CEO of RGI, said the transaction represents an exciting next step for his company and a great outcome for shareholders as it provides compelling value.
Alex Greenbaum, a partner in EQT Active Core Infrastructure unit, said RGI “is one of the market leaders in the aggregation of digital infrastructure sites and we believe it will benefit from long-term tailwinds supported by growing demand for data.”
FGS Global’s George Sard, Jared Levy and Jim Barron represent RGI, while Kekst CNC’s Daniel Yunger, Shea Maney, William Halliday and Jayson Pitagorsky handle EQT.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Have a comment? Send it to 
No comments have been submitted for this story yet.