Stonepeak spends nearly $800m on Nordic cell towers
Alternative investment firm Stonepeak has acquired a 49% stake interest in Cellnex Sweden and Cellnex Denmark (Cellnex Nordics) for €730 million (US$772.8 million). The transaction represents a multiple of 24x 2024E EBITDAaL. The transaction is subject to regulatory approvals and is expecte...
September 30
GIP Capital Partners injects $450 million into Vantage Data Centers
Global Infrastructure Partners’ (GIP) credit fund, known as GIP Capital Solutions Fund II (GIP CAPS II), in partnership with affiliates and co-investors, has invested in a term loan facility up to US$450 million in Vantage Data Centers. The deal has been organised and led by GIP, with backing from the company's investor consortium, headed by DigitalBridge. The funds fr...
September 29
The Close – What’s Next for Digital Infrastructure M&A?
Despite a volatile macroeconomic landscape, digital infrastructure M&A has seen deal multiples remain high across many subsectors. The many billions of Dollars invested mostly by private equity houses reflects underlying industry trends that are set to navigate harsher economic winds in 2023 and continue to flourish into 2024. But what is left to snap up when most have bee...
September 28
Al Khaleej subsea cable to be manufactured in the US and online by Q2 2026
The 1,400Km-long Al Khaleej Cable, which will connect the Kingdom of Bahrain to the 21,700 km-long subsea telecommunications data cable system SEA-ME-WE 6 is to be manufacturer in the US. Al Khaleej, which is scheduled to be brought online in the second quarter of 2026, will be 100% owned and operated by Batelco, part of the Beyon Group. The system will be manufactured a...
September 28
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