M&A Deal Summary

Ontario Teachers Pension Plan Acquires Spark New Zealand - Mobile Tower Business

On July 11, 2022, pension Ontario Teachers Pension Plan acquired communications company Spark New Zealand - Mobile Tower Business from Spark New Zealand for 900M NZD

Acquisition Highlights
  • This is Ontario Teachers Pension Plan’s 4th transaction in the Communications sector.
  • This is Ontario Teachers Pension Plan’s 24th largest (disclosed) transaction.
  • This is Ontario Teachers Pension Plan’s 3rd transaction in New Zealand.

M&A Deal Summary
Date 2022-07-11
Target Spark New Zealand - Mobile Tower Business
Sector Communications
Buyer(s) Ontario Teachers Pension Plan
Sellers(s) Spark New Zealand
Deal Type Divestiture
Deal Value 900M NZD

Target

Spark New Zealand - Mobile Tower Business

New Zealand
Spark New Zealand's Mobile Tower Business is a towers business with 1,263 sites.

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Buyer(S) 1

Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.

DEAL STATS #
Overall 168 of 175
Sector (Communications) 4 of 4
Type (Divestiture) 15 of 15
Country (New Zealand) 3 of 3
Year (2022) 3 of 5
Size (of disclosed) 24 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 Lendable

London, United Kingdom

Lendable is an AI-powered consumer finance platform with a mission to make consumer finance more transparent, fair and efficient. Lendable is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Kry

Stockholm, Sweden

Kry is a digital health app designed to improve healthcare access for patients by allowing users to consult with a qualified health professional in minutes, via their smartphone or tablet. Kry was founded in 2015 and is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

Spark New Zealand

Auckland, New Zealand
Category Company
Founded 1987
Sector Communications
Employees5,356
Revenue 3.9B NZD (2024)
DESCRIPTION

Spark New Zealand is a provider of telecommunications, and information and communications technology (ICT) services in New Zealand and internationally. Spark New Zealand was founded in 1987 and is based in Auckland, New Zealand.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 2 of 2
Type (Divestiture) 3 of 3
Country (New Zealand) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Computer Concepts

Christchurch, New Zealand

Computer Concepts Ltd. is a telecommunication company that offers IT infrastructure and professional services.

Buy NZ$50M
Mergr

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