Radius Global Infrastructure, Inc. (Radius) announced the completion of its approximately US$3 billion acquisition by the EQT Active Core Infrastructure Fund (EQT) and the Public Sector Pension Investment Board (PSP).
Radius Global Infrastructure is a leading global aggregator of real property interests underlying wireless telecommunications cell sites and other digital infrastructure assets. Radius is now a private company and its stock is no longer trading. The company's name and address have also changed. The acquisition is expected to have a positive impact on Radius's shareholders. The company will have access to EQT and PSP's resources and expertise, which will help it grow its business and expand into new markets.
Citi led financial advisory for Radius, with Goldman Sachs & Co. LLC providing financial advice and Cravath, Swaine & Moore LLP offering legal counsel. Barclays advised the Transaction Committee of the Radius Board of Directors, with legal counsel provided by Morris, Nichols, Arsht & Tunnel LLP.
Morgan Stanley & Co. LLC and Simpson Thacher & Bartlett LLP served as financial and legal advisors, respectively, to EQT Active Core Infrastructure. Evercore provided financial advice, and Weil, Gotshal & Manges LLP offered legal counsel to PSP.