M&A Deal Summary

Macquarie Bank Acquires Global Tower Partners

On July 1, 2007, Macquarie Bank acquired communications company Global Tower Partners from The Blackstone Group for 1.4B USD

Acquisition Highlights
  • This is Macquarie Bank’s 1st transaction in the Communications sector.
  • This is Macquarie Bank’s 3rd largest (disclosed) transaction.
  • This is Macquarie Bank’s 6th transaction in the United States.
  • This is Macquarie Bank’s 1st transaction in Florida.
Investment Fate
  • Global Tower Partners was divested to a consortium of strategic buyers in 2013 for 4.8B USD.

M&A Deal Summary

Date 2007-07-01
Target Global Tower Partners
Sector Communications
Buyer(s) Macquarie Bank
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

Global Tower Partners

Boca Raton, Florida, United States
Global Tower operates wireless communication towers.Global Tower Management, LLC (d/b/a Global Tower Partners, "GTP") is a leading operator of communications towers and related wireless infrastructure. Including the acquisition of Dobson Communication's tower assets, the company owns approximately 1,125 towers and manages over 3,000 rooftop sites.

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Buyer(S) 1

Buyer

Macquarie Bank

Sydney, Australia

Category Company
Founded 1969
Sector Financial Services
Employees19,266
Revenue 6.2B AUD (2024)
DESCRIPTION
Macquarie's corporate headquarters in downtown Sydney.
Macquarie's corporate headquarters in downtown Sydney.

Macquarie Bank is an Australian investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services. Macquarie Bank was founded in 1969 and is based in Sydney, Australia.


DEAL STATS #
Overall 12 of 25
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 9 of 15
State (Florida) 1 of 1
Country (United States) 6 of 13
Year (2007) 3 of 4
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-25 America s Water Heater Rentals

Canonsburg, Pennsylvania, United States

America's Water Heater Rentals LLC is a residential water heater rental business with 85,000 customers in 14 states. Partnered with a fundless sponsor to purchase this non-core business from a large, Midwest utility

Buy $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-10 Express Offshore Transport

Singapore

Express Offshore Transport Ltd offers transportation of personnel and supplies to the oil industry.

Buy -

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 131.0B 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 38 of 178
Sector (Communications) 9 of 15
Type (Add-on Acquisition) 14 of 70
State (Florida) 1 of 6
Country (United States) 24 of 108
Year (2007) 5 of 7
Size (of disclosed) 30 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-08 Gerresheimer

Dusseldorf, Germany

Gerresheimer is an international packaging and systems solutions specialist, particularly in the pharmaceutical and cosmetic industries. Gerresheimer was founded in 1864 and is based in Dusseldorf, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-04 Hilton

McLean, Virginia, United States

Hilton is a global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. Hilton was founded in 1919 and is based in McLean, Virginia.

Buy $26.0B