M&A Deal Summary

Brookfield Private Equity Acquires Wireless Infrastructure Group

On December 19, 2019, private equity firm Brookfield Private Equity acquired communications company Wireless Infrastructure Group from Barings Private Equity and 3i Infrastructure for 575M GBP

Acquisition Highlights
  • This is Brookfield Private Equity’s 2nd transaction in the Communications sector.
  • This is Brookfield Private Equity’s 8th largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-12-19
Target Wireless Infrastructure Group
Sector Communications
Buyer(s) Brookfield Private Equity
Sellers(s) Barings Private Equity
3i Infrastructure
Deal Type Secondary Buyout
Deal Value 575M GBP

Target

Wireless Infrastructure Group

Bellshill, United Kingdom
Wireless Infrastructure Group Ltd. is a telecoms infrastructure company involved in the ownership and management of mobile cell sites in the UK and Europe. WIG acquires, manages and operates wireless cell sites (rooftop or greenfield masts or towers) for wireless service providers. Wireless Infrastructure Group Ltd. was established in 1995 and is based in Bellshill, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.


DEAL STATS #
Overall 17 of 24
Sector (Communications) 2 of 2
Type (Secondary Buyout) 3 of 6
Country (United Kingdom) 1 of 1
Year (2019) 3 of 3
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Genesee & Wyoming

Darien, Connecticut, United States

Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Genesee & Wyoming was founded in 1899 and is based in Darien, Connecticut.

Buy $8.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-08 Superior Plus

Toronto, Ontario, Canada

Superior Plus is a diversified company that engages in the energy distribution and specialty chemicals business. The company operates two separate businesses: Energy Distribution and Specialty Chemicals. All of the businesses are operated on the principles of entrepreneurship, continuous improvement, executing on objectives, safety, and teamwork. Superior Plus was founded in 1989 and is headquartered in Toronto, Ontario.

Buy -

Seller(S) 2

SELLER

Barings Private Equity

Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 5.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 32 of 37
Sector (Communications) 1 of 1
Type (Secondary Buyout) 10 of 10
Country (United Kingdom) 3 of 3
Year (2019) 8 of 8
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 JMH Premium

Salt Lake City, Utah, United States

JMH International LLC develops and manufactures a broad range of soup bases, sweet and savory flavor bases, stock concentrates, sauces, gravy mixes, dessert preparations, seasoning blends, powdered drink mixes, and dry complete meals. The Company, a leader in developing food flavoring systems, provides custom formulations and culinary solutions to the food industry, selling to customers in the foodservice, ingredient, specialty retail and co-manufacturing channels. JMH International was founded in 1982 and is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-27 Money Mailer

Cypress, California, United States

Money Mailer LLC is a provider of shared one-to-one direct mail advertising (annually producing over 163 million mailings delivered to approximately 17 million homes) as well as interactive and online advertising solutions through its nationwide production and distribution network. Money Mailer was founded in 1979 and is based in Cypress, California.

Sell -
SELLER

3i Infrastructure

St Helier, Channel Islands

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 3.9B GBP
Size Large
Type Sector Focused
DESCRIPTION

3i Infrastructure plc is a listed infrastructure investment arm of 3i Group plc. 3i infrastructure invests mainly in Europe and Asia companies with stable underlying performance: asset-intensive businesses, providing essential services over the long term, often on a regulated basis, or with significant contracted revenues. The firm focuses on the Utilities, Transportation, and Social Infrastructure sectors through equity and junior or mezzanine debt investments in the range of £100m–£300 million per transaction. 3i infrastructure was formed in 2007 and is based in Jersey, Channel Islands.


DEAL STATS #
Overall 5 of 6
Sector (Communications) 1 of 1
Type (Secondary Buyout) 3 of 4
Country (United Kingdom) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Ionisos

Civrieux-d’Azergues, France

Ionisos is a provider of cold sterilisation services for medical devices, raw and finished materials for the pharmaceutical and cosmetic industries and for the food and pharma packaging sectors. Ionisos was founded in 1993 and is based in Civrieux-d’Azergues, France.

Buy €220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 DNS:NET Internet Service

Berlin, Germany

DNS:NET Internet Service offers telecommunication, internet, and data center services for private and corporate customers based on their own and leased fiber-based network infrastructure. The data center offering for corporate customers is also based on its own and leased infrastructure in high-security locations at major Internet exchange points. DNS:NET Internet Service was founded in 1998 and is based in Berlin, Germany.

Buy -