Investment Summary

The Blackstone Group and Grain Management Invest In Phoenix Tower International

On January 18, 2022, private equity firms The Blackstone Group and Grain Management invested in communications company Phoenix Tower International from Manulife Investment Management

Investment Highlights
  • This is The Blackstone Group’s 25th and Grain Management’s 9th transaction in the Communications sector.
  • This is The Blackstone Group’s 188th and Grain Management’s 9th transaction in the United States.
  • This is The Blackstone Group’s 9th and Grain Management’s 3rd transaction in Florida.

Investment Summary

Date 2022-01-18
Target Phoenix Tower International
Sector Communications
Investor(s) The Blackstone Group
Grain Management
Sellers(s) Manulife Investment Management
Deal Type Stake Purchase

Target

Phoenix Tower International

Boca Raton, Florida, United States
website
Phoenix Tower International owns and operates towers and other wireless infrastructure and related sites throughout Latin America and the United States. Phoenix Tower International was founded in 2013 and is based in Boca Raton, Florida.

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Investor(S) 2

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 300 of 319
Sector (Communications) 25 of 25
Type (Stake Purchase) 48 of 49
State (Florida) 9 of 10
Country (United States) 188 of 201
Year (2022) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Supergoop!

San Antonio, Texas, United States

Supergoop! is a skincare brand advancing the notion of SPF all-day, every day. Supergoop! is the only prestige skincare brand 100% dedicated to suncare, making it easy to incorporate UV protection into the daily routine. Supergoop! was founded in 2007 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 Interplex

Singapore, Singapore

Interplex is a precision engineering company offering end-to-end solutions in advanced application development and manufacturing solutions for complex precision mechanical and electro-mechanical components and assemblies. Interplex was founded in 1958 and is based in Singapore City.

Buy -
Investor

Grain Management

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Grain Management LLC is a private equity firm focused on the communications sector. The Firm looks to acquire assets and companies valued from $20 to $150 million and will consider opportunities throughout North America. Specific areas of interest include fiber, spectrum, cell towers, and other communications assets. Grain Management LLC was established in 2007 and is headquartered in Washington, DC.


DEAL STATS #
Overall 10 of 13
Sector (Communications) 9 of 11
Type (Stake Purchase) 1 of 1
State (Florida) 3 of 3
Country (United States) 9 of 12
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Y-COM

Melbourne, Florida, United States

Y-COM is a provider of infrastructure services to the telecommunications and utility industries in the Southeast. The company is a family-owned and operated business providing mission-critical solutions to leading telecommunications and utility providers. Y-COM specializes in underground and aerial construction, directional boring, fiber installation, and emergency maintenance and response. It has developed a reputation for the superior quality of service, timely performance, and business integrity resulting in a loyal base of customers that are leaders in their sectors. Y-COM was formed in 1972 and is based in

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 LightRiver

Concord, California, United States

LightRiver is a provider of optical, data, and switching products and services for cloud data centers, government, enterprise, and utility sectors. LightRiver was founded in 1998 and is based in Concord, California.

Buy -

Seller(S) 1

SELLER

Manulife Investment Management

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

Manulife Investment Management is a private investment group that provides mezzanine as well as non-controlling equity capital to middle-market businesses. Manulife Investment's target investment size is $10 to $50 million per transaction. The Group prefers opportunities located in the US. Manulife Investment Management was established in 1998 and maintains offices in Boston and New York City.


DEAL STATS #
Overall 18 of 18
Sector (Communications) 1 of 1
Type (Stake Purchase) 1 of 1
State (Florida) 1 of 1
Country (United States) 17 of 17
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 dlhBOWLES

Canton, Ohio, United States

dlhBOWLES is a supplier of innovative engineered plastic solutions to many of the largest corporations and most recognizable brands around the globe in the automotive and consumer products industries. The company designs and manufactures automotive products for camera and sensor wash systems, windshield washer systems, powertrain, chassis, and sunroof products. It also provides solutions for a wide array of consumer products in the areas of consumer sprays, plumbing, irrigation, and other diverse applications. dlhBOWLES was founded in 1961 and is based in Canton, Ohio.

Sell $255M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-19 Serverfarm

El Segundo, California, United States

Serverfarm is a multi-regional data center platform that provides data center solutions to key hyper-scale, webscale, technology & network customers. These data center solutions include colocation, data center design, and infrastructure management, through Serverfarm's proprietary InCommand DMaaS technology. Serverfarm is based in El Segundo, California.

Buy -