M&A Deal Summary

Andean Tower Partners Acquires BTS Towers

On February 9, 2022, Andean Tower Partners acquired communications company BTS Towers from Cartesian Capital Group

Acquisition Highlights
  • This is Andean Tower Partners’ 2nd transaction in the Communications sector.
  • This is Andean Tower Partners’ 1st transaction in the United States.
  • This is Andean Tower Partners’ 1st transaction in Florida.

M&A Deal Summary
Date 2022-02-09
Target BTS Towers
Sector Communications
Buyer(s) Andean Tower Partners
Sellers(s) Cartesian Capital Group
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Andean Tower Partners

Hollywood, Florida, United States
Category Company
Sector Communications
DESCRIPTION

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

DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Torres Unidas Management

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.

Buy -

Seller(S) 1

SELLER

Cartesian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cartesian Capital Group LLC is a private equity firm that invests in high growth businesses in emerging markets across the globe. Cartesian focuses on profitable companies with strong growth prospects and experienced management. The Firm looks to invest $25 - $125 million (generally minority positions). Specific areas of interest include financial and business services, telecommunications, specialized retail, transportation and logistics, and material products. Cartesian Capital Group LLC was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 7 of 8
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Tiendamia

Miami, Florida, United States

Tiendamia is a provider of crossborder eCommerce in Latin America through our online platform, which contains the largest product catalog in the world, through complete home delivery logistics and a specialized customer experience service. Tiendamia is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-20 Flybondi

Buenos Aires, Argentina

Flybondi is a new airline that brings the low-cost carrier (“LCC”) model to Argentina. It expects to transport 10 million passengers in 5 years and double the air travel market in Argentina. Flybondi was formed in 2016 and is based in Buenos Aires, Argentina.

Sell -
Mergr

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