Add-on Acquisition • Communications

Andean Telecom Partners Acquires Torres Unidas Management Co.

On December 14, 2017, Andean Telecom Partners acquired communications company Torres Unidas Management Co. from Berkshire Partners

Acquisition Context
  • This is Andean Telecom Partners’ 1st transaction in the Communications sector.
  • This is Andean Telecom Partners’ 1st transaction in Colombia.

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M&A Deal Summary

Date December 14, 2017
Target Torres Unidas Management Co.
Sector Communications
Buyer(s) Andean Telecom Partners
Sellers(s) Berkshire Partners
Deal Type Add-on Acquisition

Target Company

Torres Unidas Management Co.

Bogota, Colombia
Torres Unidas is an independent owner and operator of communication towers in Peru and Chile with experience in tower management, tower and rooftop site development, build-to-suit and tower acquisitions. Company portfolio of over 750 towers is located strategically throughout Chile and Peru, and includes urban, suburban, highway and rural locations.
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Buyer Overview 1

Buyer

Andean Telecom Partners

Hollywood, Florida, United States

Category Company
Founded 2011
Sector Communications
DESCRIPTION

Andean Telecom Partners is a privately-owned provider of wireless communications infrastructure in the Andean region. Andean Telecom Partners owns, operates, and manages telecommunications towers, rooftops, small cells, and DAS (distributed antenna systems) solutions for mobile operators. Andean Telecom Partners was founded in 2011 and is based in Hollywood, Florida.


Deal Context for Buyer #
Overall 1 of 2
Sector: Communications 1 of 2
Type: Add-on Acquisition 1 of 2
Country: Colombia 1 of 1
Year: 2017 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 BTS Towers

Fort Lauderdale, Florida, United States

BTS Towers builds and operates communication towers for wireless telephony companies. BTS Towers focuses on renting tower or roof space to telecommunications operators, as well as other companies that offer wireless services. BTS Towers is based in Fort Lauderdale, Florida.

Buy -

Seller Profile 1

SELLER

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 48 of 61
Sector: Communications 4 of 4
Type: Add-on Acquisition 17 of 20
Country: Colombia 1 of 1
Year: 2017 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 Citizens of Humanity

Huntington Park, California, United States

Citizens of Humanity is a designer and distributor of premium denim and other apparel. Known for their classic style, vintage look and outstanding quality, Citizens of Humanity is headquartered in Huntington Park, California. The Company's denim line, which comes in a variety of fits, colors and levels of distress, can be found at upscale specialty clothing boutiques and other high-end retail stores.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-15 HMT

The Woodlands, Texas, United States

HMT is a provider of aboveground storage tank (AST) maintenance products and services primarily for the petroleum and petrochemical industries. HMT was formed in 1978 and is headquartered in Houston, Texas.

Sell -