Pantheon Infrastrct. - Investment in European Digital Infra Company
31/01/2023 07:00
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RNS Number : 3299O Pantheon Infrastructure PLC 31 January 2023
31 January 2023
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PANTHEON INFRASTRUCTURE PLC
Investment in German and Austrian Digital Infrastructure Company
Pantheon Infrastructure PLC ("PINT" or the "Company"), the listed global
infrastructure fund, has committed to invest approximately €49.2m (£43.2m
at current exchange rates) in telecommunications infrastructure operator GD
Towers, through a co-investment vehicle managed by affiliates of DigitalBridge
Group, Inc. (NYSE:DBRG) ("DigitalBridge"), a leading global digital
infrastructure investor managing c.$50bn in assets.
GD Towers is one of the largest independent tower and telecommunications
infrastructure operators in Western Europe with a portfolio of c.40,000 sites
across Germany (c.33,000) and Austria (c.7,000), that provide the
infrastructure for mobile network operators to offer telecoms services to
end-customers.
GD Towers has been divested out of the infrastructure network owned by
Deutsche Telekom, which, following the transaction, will remain a 49%
shareholder and anchor tenant through a long-term master lease agreement. GD
Towers further benefits from multiple complementary tailwinds, including
regulatory-driven 5G coverage requirements and growing end-user demand for
mobile 5G coverage.
The investment manager believes that GD Towers is a highly attractive
portfolio of core digital infrastructure assets in Europe, that should benefit
from strong downside protection as a result of the robust indexing and
contracted nature of cash flows.
Richard Sem, Partner at Pantheon, PINT's investment manager, commented:
"We are pleased to announce this latest transaction in a highly attractive
asset that enables us to participate in the robust opportunity in European
telecommunications with a high-quality counterparty. We believe the tailwinds
in this sector provide attractive growth opportunities which are underpinned
by long-term contracted cash flows that provide strong downside protection."
For further information, contact:
Pantheon Ventures (UK) LLP +44 (0) 20 3356 1800
Investment Manager pint@pantheon.com (mailto:pint@pantheon.com)
Richard Sem, Partner
Harriet Alexander, Vice President
Investec Bank plc +44 (0) 20 7597 4000
Corporate Broker
Tom Skinner (Corporate Broking)
Lucy Lewis, Denis Flanagan (Corporate Finance)
TB Cardew +44 (0) 20 7930 0777
Public relations advisor pint@tbcardew.com (mailto:pint@tbcardew.com)
Ed Orlebar +44 (0)7738 724 630
Tania Wild +44 (0)7425 536 903
Max Gibson +44 (0)7435 791 368
Notes to editors
Pantheon Infrastructure PLC (PINT)
Pantheon Infrastructure PLC is a closed-ended investment company and an
approved UK Investment Trust, listed on the Premium Segment of the London
Stock Exchange's Main Market. Its Ordinary Shares trade under the ticker
'PINT'. The independent Board of Directors of PINT have appointed Pantheon,
one of the leading private markets investment managers globally, as investment
manager. PINT aims to provide exposure to a global, diversified portfolio of
high-quality infrastructure assets through building a portfolio of direct
co-investments in infrastructure assets with strong defensive characteristics,
typically benefitting from contracted cash flows, inflation protection and
conservative leverage profiles.
Further details can be found at www.pantheoninfrastructure.com
LEI 213800CKJXQX64XMRK69
Pantheon
Pantheon is a leading global private equity, infrastructure & real assets,
private debt and real estate investor with 40 years' experience sourcing and
executing private market investment opportunities on behalf of clients.
Pantheon has US$88.0 billion in assets under management and advice (as at 30
June 2022) and employs over 464 staff, including more than 120 investment
professionals, across offices in London, San Francisco, New York, Chicago,
Hong Kong, Seoul, Bogotá, Tokyo, Dublin and Berlin.
Further details can be found at www.pantheon.com
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