M&A Deal Summary

EQT and PSP Investments Acquire Radius Global Infrastructure

On March 1, 2023, private equity firm EQT and pension PSP Investments acquired infrastructure company Radius Global Infrastructure for 3.0B USD

Acquisition Highlights
  • This is EQT’s 1st and PSP Investments’ 2nd transaction in the Infrastructure sector.
  • This is EQT’s 11th and PSP Investments’ 5th largest (disclosed) transaction.
  • This is EQT’s 49th and PSP Investments’ 11th transaction in the United States.
  • This is EQT’s 2nd and PSP Investments’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-03-01
Target Radius Global Infrastructure
Sector Infrastructure
Buyer(s) EQT
PSP Investments
Deal Type Going Private
Deal Value 3.0B USD
Advisor(s) Citigroup Investment Banking
Goldman Sachs
Barclays Investment Bank (Financial)
Cravath, Swaine & Moore
Morris, Nichols, Arsht & Tunnell (Legal)

Target

Radius Global Infrastructure

Bala Cynwyd, Pennsylvania, United States
Radius Global Infrastructure is an owns and acquires critical digital infrastructure, including ground, tower, rooftop and in-building cell sites, in over 20 countries across North and South America, Europe, and Australia. Radius Global Infrastructure is based in Bala Cynwyd, Pennsylvania.

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Buyer(S) 2

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 280 of 315
Sector (Infrastructure) 1 of 2
Type (Going Private) 16 of 23
State (Pennsylvania) 2 of 2
Country (United States) 49 of 59
Year (2023) 1 of 16
Size (of disclosed) 11 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Blume Global

Pleasanton, California, United States

Blume Global is a developer of software package connects asset owners and their users by hosting real time capacity from several major equipment programs spanning 120+ markets in North America. Blume Global was founded in 1994 and is based in Pleasanton, California.

Sell $414M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-03 SK Shieldus

Pangyo, South Korea

SK Shieldus is a scaled integrated physical security operator providing digital security infrastructure across 680,000 commercial customer sites and more than 100 central monitoring and dispatch centers across South Korea. SK Shieldus is based in Pangyo, South Korea.

Buy -
Buyer

PSP Investments

Investor Investor Investor Investor Investor

Category Pension
Founded 1999
PE ASSETS 19.4B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.

DEAL STATS #
Overall 28 of 29
Sector (Infrastructure) 2 of 2
Type (Going Private) 5 of 5
State (Pennsylvania) 1 of 1
Country (United States) 11 of 11
Year (2023) 1 of 2
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 CrossCountry Consulting

McLean, Virginia, United States

CrossCountry Consulting is a business advisory firm that provides comprehensive solutions encompassing business transformation, technology, accounting, risk, and cybersecurity. CrossCountry partners with clients to help them navigate complex business challenges and achieve goals related to improving operations, minimizing risks, and enabling future growth. CrossCountry Consulting was founded in 2011 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 NeXtWind Capital

London, United Kingdom

NeXtWind Capital is a renewable energy company specializing in acquiring and repowering onshore wind farms. NeXtWind Capital is based in London, United Kingdom.

Buy $750M
Mergr

Product

Company

Legal