Investment Summary

KKR and BCI Invest In Pinnacle Towers

On November 2, 2020, private equity firm KKR and asset manager BCI invested in infrastructure company Pinnacle Towers

Investment Highlights
  • This is KKR’s 3rd and BCI’s 2nd transaction in the Infrastructure sector.
  • This is KKR’s 4th and BCI’s 1st transaction in Philippines.

Investment Summary

Date 2020-11-02
Target Pinnacle Towers
Sector Infrastructure
Investor(s) KKR
BCI
Deal Type Growth Capital
Advisor(s) ING Commercial Banking (Financial)

Target

Pinnacle Towers

Taguig, Philippines
Pinnacle Towers invests in, builds and operates telecommunications infrastructure with a focus on towers and related assets. It is an Asia-focused digital infrastructure platform with a strong focus on the rapidly growing Philippines market. Pinnacle Towers is based in Taguig, Philippines.

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Investor(S) 2

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 363 of 499
Sector: Infrastructure M&A 3 of 8
Type: Growth Capital M&A Deals 62 of 81
Country: Philippines M&A 4 of 4
Year: 2020 M&A 34 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-11 Yiguo

Beijing, China

Yiguo is a B2C e-commerce platform specialized in fresh food, and is the exclusive partner with Tmall on its fresh food channel. Yiguo is based in Beijing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Seiyu

Tokyo, Japan

Seiyu is an operator of supermarkets, shopping centers, and department stores. Seiyu offers customers a broad assortment including fresh food, general merchandise, and apparel products across Japan from Hokkaido to Kyusyu. Seiyu was founded in 1963 and is based in Tokyo, Japan.

Buy -
Investor

BCI

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1999
PE ASSETS 21.1B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.


DEAL STATS #
Overall 16 of 32
Sector: Infrastructure M&A 2 of 2
Type: Growth Capital M&A Deals 4 of 5
Country: Philippines M&A 1 of 1
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 ClearMacro

London, United Kingdom

ClearMacro is a software analytics company provides investment analytics tools to asset managers and other professional investors to make quicker, better informed, and more consistent investment decisions as well as mitigate well-documented human biases. ClearMacro was founded in 2014 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Compre

Hamilton, Bermuda

Compre is a global consolidator of closed books of non-life insurance policies. Compre is focused on the acquisition and management of discontinued (also known as ‘run-off’) non-life insurance portfolios and has operations in the UK, Bermuda, Finland, Germany, Malta, and Switzerland. Compre was founded in 1991 and is based in Hamilton, Bermuda.

Buy -