Investment Summary

Stonepeak Invests In Cellnex Nordics

On September 29, 2023, infrastructure investor Stonepeak invested in infrastructure company Cellnex Nordics from Cellnex Telecom

Investment Highlights
  • This is Stonepeak’s 6th transaction in the Infrastructure sector.
  • This is Stonepeak’s 1st transaction in Sweden.

Investment Summary
Date 2023-09-29
Target Cellnex Nordics
Sector Infrastructure
Investor(s) Stonepeak
Sellers(s) Cellnex Telecom
Deal Type Stake Purchase

Target

Cellnex Nordics

Sweden
Cellnex Nordics provides mobile network operators with colocation services for their wireless networking equipment through a network totalling 4k+ sites across Sweden and Denmark today. The Cellnex Nordics business holds commitments and options to build and operate approximately 2,500 additional sites in the region, positioning it well for continued organic growth.

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Investor(S) 1

Investor

Stonepeak

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 34 of 40
Sector (Infrastructure) 6 of 6
Type (Stake Purchase) 9 of 9
Country (Sweden) 1 of 1
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Madison Energy Infrastructure

New York, New York, United States

Madison Energy Infrastructure is a platform that develops, owns, and operates distributed generation projects within the commercial and industrial (C&I) and small utility-scale sectors. Madison Energy Infrastructure is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Logistec

Montreal, Quebec, Canada

Logistec is a provider of a marine and environmental services. It offers marine transportation services geared primarily to the Arctic coastal trade, short-line rail transportation services, as well as marine agency services to foreign shipowners and operators serving the Canadian market. Logistec was founded in 1952 and is based in Montreal, Canada.

Buy $1.2B

Seller(S) 1

SELLER

Cellnex Telecom

Madrid, Spain
Category Company
Founded 2008
Sector Communications
Employees2,794
Revenue 3.8B EUR (2023)
DESCRIPTION

Cellnex Telecom, is an operator of wireless telecommunications infrastructures with a portfolio of 45,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Nether-lands, France, Switzerland, and the United Kingdom. Cellnex Telecom was founded in 2008 and is based in Madrid, Spain.

DEAL STATS #
Overall 1 of 3
Sector (Infrastructure) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Sweden) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Hivory

Courbevoie, France

Hivory is a high-quality telecoms infrastructure provider with a nationwide presence, benefiting from more than 10,000 strategically located sites with a diversified portfolio of ground-based towers and rooftops. The company is focused on serving the growing infrastructure needs for mobile operators to provide connectivity to all parts of the French population, meeting continued strong demand for data consumption and increased coverage. Hivory was founded in 2018 and is based in Courbevoie, France.

Buy €5.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-10 Edzcom

Espoo, Finland

Edzcom designs builds, and operates private wireless networks for industrial clients, mainly in manufacturing, ports, oil and gas, energy generation and mining. Edzcom was founded in 2014 and is based in Espoo, Finland.

Sell -
Mergr

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