MergerLinks’ Post

Investment firm TPG is in advanced discussions to purchase Crown Castle's fiber unit for approximately $8bn. The transaction may be finalized in the coming weeks, though it's possible that negotiations could fall through or another bidder may emerge. Crown Castle has been exploring options for its fiber assets following an agreement with activist investor Elliott Investment Management to restructure its board. Co-founder Ted Miller previously indicated that the company could potentially sell its fiber assets for up to $15bn. This development occurs amid increased merger activities in the fiber industry, driven by the expansion of fiber broadband. Companies like Crown Castle are becoming attractive acquisition targets due to their extensive infrastructure. #MergersAndAcquisitions #Telecommunications #PrivateEquity

Buyout firm TPG is in advanced talks to buy the fiber unit of tower operator Crown Castle for about $8 billion, a person familiar with the matter said. A deal for the fiber and wireless units could be announced within weeks, the source said. However, the source added that while no final decision has been made, the discussions could fall through or another buyer could emerge. Story for Reuters with Milana Vinn https://lnkd.in/g98cK65h

CROWN CASTLE'S POTENTIAL $10 BILLION FIBER AND WIRELESS ASSET SALE: ZAYO AND TPG IN THE FINAL BIDDING   According to a recent Reuters report, Crown Castle is on the verge of selling its fiber and wireless assets, with the deal potentially reaching a staggering $10 billion. The two front-runners in this race? Zayo Group, owned by EQT AB and DigitalBridge, and buyout firm TPG. Crown Castle's fiber business and small cell wireless networks should be highly desirable as the fiber industry experiences rapid growth. This sale comes amid Crown Castle's strategic board shake-up, which was conducted in collaboration with activist investor Elliott Investment Management. My major takeaway from the report is that while the wireless carriers appear to be in “convergence mode” with the announcement of new fiber-build JV projects, none appear to be interested in these Crown assets, most of which already serve the carriers. I predict that the “Great Fiber Rollup” is coming sooner rather than later. Stay tuned for that story! #FiberIndustry #TelecomNews #DigitalInfrastructure

AT&T's $850 million sale-leaseback with Reign Capital highlights a strategic pivot in managing real estate assets. By divesting 74 underutilized properties and leasing back necessary space, AT&T unlocks liquidity while retaining operational control. This reinforces the growing trend of optimizing corporate real estate portfolios through innovative financial strategies. Notably, the deal includes a revenue-sharing provision with Reign for potential redevelopments, allowing AT&T to benefit from future property value appreciation. This approach not only enhances cash flow but also aligns with AT&T's shift away from obsolete copper network infrastructures. Looking forward, we can expect to see similar transactions as companies seek efficiency and capital boost in their real estate strategies. https://lnkd.in/ev6kR82t

Integrity International Group has purchased Albany House, an office block in London, from China Motor Bus Company for £47 million. This acquisition aligns with Integrity's strategy to expand its real estate holdings in the Westminster area. The sale also benefits China Motor Bus by enhancing its financial position and shareholder value.

https://lnkd.in/gEg4Bh36 Buyout firm TPG is in advanced talks to buy the fiber unit of tower operator Crown Castle for about $8 billion, a person familiar with the matter said. Shares...

Bell Equipment and Sasfin are the latest companies to announce their departure from the JSE. 🚪 This follows a growing trend of South African companies seeking alternative avenues for growth and financing. Bell Equipment, a prominent player in the heavy equipment industry, is being taken private by its founding family. This move offers shareholders a significant premium but also signals a loss of a valuable listing for the JSE. Sasfin, a financial services group, is opting for a delisting as it refocuses its business. While minority shareholders are being offered a premium, it's another blow to the JSE's depth in the financial sector. These departures highlight the challenges facing the JSE in attracting and retaining listings. As the exchange competes with global markets, it's crucial to address the factors driving companies away.

Blue River Financial Group advised SPI - Specialty Products & Insulation, a leading value-added distributor and fabricator of mechanical and building insulation products and a portfolio company of Incline Equity Partners, on the acquisition of EnerFlex Insulation. The acquisition will bring exciting updates to SPI, allowing product expansion into the industrial removable insulation space. Read the full press release.  #middlemarket #mergersandacquisitions #investmentbanking #buyside

CIENCO4 forecasts revenue of VND4,500 billion, declares 8% dividend payout The Executive Committee hosted the Congress. CIENCO4 Group Joint Stock Company (stock code: C4G) has successfully held the 2024 Annual General Meeting of Shareholders. In attendance at the Congress were 40 shareholders, representing 260,507,400 shares and comprising 72.91% of the total shares with voting rights. Based on the Law on Enterprise and the regulations of the CIENCO4 Group Charter, the meeting was qualified to be held in accordance with regulations. The General Director’s report on the production and business operation results for 2023 at the Congress: in 2023, CIENCO4 Group signed contracts for a number of construction bid packages with large values such as: North-South Expressway, Hau Giang-Ca Mau section: 6.466 billion; North-South Expressway, Khanh Hoa-Buon Ma Thuot section – XL03 bid package: 2.974 billion; Hanoi Ring Road 4 – XL11 bid package: 889 billion; Ho Chi Minh City Ring Road 3 – XL08 bid package: 1.418 billion); Ho Chi Minh City Ring Road 3 – XL10 bid package: 1.637 billion; Long Thanh Airport – Bid package 4.6: 7.244 billion; QL14B Da Nang City: 481 billion. In investment work: The group has joined forces with T&T Infrastructure Investment and Development Co., Ltd. to win the Quang Tri Airport bid with a total investment of: 5.821 billion. Transportation construction projects invested in the form of BOT contracts: QL1 project, Nam Ben Thuy Bridge section – Ha Tinh bypass; QL38 project, Yen Lenh – Vuc Vong section; QL1 project, Nghi Son – Cau Giat section; QL3 project, Thai Nguyen – Cho Moi section: Toll collection, management, and exploitation are good, ensuring safety. The obstacles of BOT projects are being resolved by the State and ministries and sectors, such as the Thai Nguyen – Cho Moi project; The Cau Cau Resort project is being restarted. Mr. Nguyen Van Tuan – Chairman of the Board of Directors – Presenting the Board of Directors’ Report. As for the Group’s real estate projects, they are currently being exploited effectively, such as: 116 Dinh Tien Hoang Office Building; 37 Dao Duy Anh building; 29 Quang Trung Office – Vinh City; Building No. 19 – Alley 043 Giai Phong; 61 Nguyen Truong To project, Vinh City; Project 180 Nguyen Thi Minh Khai,… In particular, in the context of general difficulties, closely following the contents and indicators of the Resolution of the General Meeting of Shareholders, the Group’s Board of Directors has focused on deploying and assigning the General Director, departments, offices, and specialized units to organize implementation. In the process of implementing regular direction, inspection, supervision, and adjustment of the plan in accordance with each period in terms of cash flow of enterprises in 2023, CIENCO4 Group has basically ensured capital sources to maintain production and business activities. The revenue of CIENCO4 Group in 2023 reached 2,733 billion VND, and th...

If you're a Verizon property owner, it's essential to know how Vertical Bridge's acquisition of Verizon's towers could benefit you. In 2015, when I was with American Tower, they acquired around 11,500 Verizon towers. As I mentioned in my video, carriers typically don't negotiate lease renewals until 2-5 years before expiration. Many of these leases may expire within the next 10 years, so Vertical Bridge will be busy securing these sites. What strategy will they use? From my experience at American Tower, here's what I think: Vertical Bridge will notify Verizon landlords about the acquisition. Soon after, you'll likely receive a mailer offering a lease extension or buyout. If your site has 8-20 years remaining, it's best to wait. Vertical Bridge needs to add tenants to justify their purchase. The more tenants they add, the more valuable your tower becomes, giving you leverage to negotiate a better deal closer to expiration. For sites with 10-20 years left, Vertical Bridge might offer a small signing bonus to extend the lease another 30 years. When I was at American Tower, we offered similar bonuses, with many extensions secured for $5,000 to $10,000. If I were Vertical Bridge, that’s how I’d approach these sites. #VerizonWireless #VerticalBridge #toweracquisition https://lnkd.in/e7pRuAy5