Buyout (LBO, MBO, MBI) • Communications

GI Partners Acquires IslandsTurnar

On December 2, 2025, private equity firm GI Partners acquired communications company IslandsTurnar

Acquisition Context
  • This is GI Partners’ 9th transaction in the Communications sector.
  • This is GI Partners’ 1st transaction in Iceland.

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M&A Deal Summary

Date December 2, 2025
Target IslandsTurnar
Sector Communications
Buyer(s) GI Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

IslandsTurnar

Reykjavík, Iceland
IslandsTurnar operates telecommunication tower infrastructure, owning, operating, and leasing colocation facilities and tower sites for mobile network and broadcast operators. IslandsTurnar was founded in 2021 and is headquartered in Reykjavík, Iceland.
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Buyer Overview 1

Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


Deal Context for Buyer #
Overall 62 of 63
Sector: Communications 9 of 9
Type: Buyout (LBO, MBO, MBI) 18 of 18
Country: Iceland 1 of 1
Year: 2025 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-02 Digita

Helsinki, Finland

Digita is an independent tower operator with nationwide portfolios in Finland and Iceland. Digita was founded in 1999 and is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-17 Netwatch

Carlow, Ireland

Netwatch is a provider of AI-enabled proactive and remote video monitoring security services, delivering real-time surveillance and intervention solutions that help businesses and organizations detect and prevent incidents. Netwatch is based in Carlow, United Kingdom.

Buy -