M&A Deal Summary

Highline do Brasil Acquires Phoenix Tower do Brasil

On November 24, 2020, Highline do Brasil acquired communications company Phoenix Tower do Brasil from The Blackstone Group

Acquisition Highlights
  • This is Highline do Brasil’s 1st transaction in the Communications sector.
  • This is Highline do Brasil’s 1st transaction in Brazil.

M&A Deal Summary

Date 2020-11-24
Target Phoenix Tower do Brasil
Sector Communications
Buyer(s) Highline do Brasil
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition

Target

Phoenix Tower do Brasil

São Paulo, Brazil
Phoenix Tower do Brasil is an independent telecommunications infrastructure provider and is the major developer of small cell and distributed antenna systems in the country.

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Buyer(S) 1

Buyer

Highline do Brasil

São Paulo, Brazil

Category Company
Sector Infrastructure
DESCRIPTION

Highline do Brasil is an independent provider of infrastructure solutions for the telecommunications industry. The company's business is to build and operate a portfolio of telecommunication antenna installation sites: towers, rooftops, indoor systems, and street-level (low coverage) sites. Highline makes investments in infrastructure projects and leases the capacity of these assets through long term contracts, promoting the accelerated deployment of customers' networks. Highline do Brasil is based in São Paulo, Brazil.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 146 of 193
Sector: Communications M&A 15 of 15
Type: Add-on Acquisition M&A Deals 55 of 74
Country: Brazil M&A 2 of 2
Year: 2020 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Industrie De Nora

Milan, Italy

Industrie De Nora S.p.A is a designer, manufacturer and supplier of electrodes, coatings and complete electrochemical solutions to serve diversified markets. Industrie De Nora is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Paysafe

Hamilton, Bermuda

Paysafe is an integrated payments platform that enables businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics, and the convergence between brick-and-mortar and online payments.

Sell -