![]() “With EQT and PSP’s support, we will continue to be a strong and collaborative partner for our tenants as we continue to grow Radius as the premier global aggregator and owner of digital infrastructure-oriented real property assets,” he added. “Partnering in a private capital context with EQT and PSP, both of which have significant expertise in communications infrastructure, will enable Radius to accelerate origination activity and further invest in both geographic expansion and adjacent asset opportunities. “This transaction is both an exciting next step for Radius and a great outcome for shareholders as it provides compelling value,” said Bill Berkman, co-chairman and chief executive of Radius. The company will retain its name and brand and will continue to be operated by its existing management team and employees worldwide. Upon completion of the transaction, Radius shares will no longer be listed on any public securities exchange. Radius owns and acquires critical digital infrastructure, including ground, tower, rooftop and in-building mobile telephone sites, in over 20 countries across North and South America, Europe and Australia. The deal is expected to close in the third quarter of 2023, subject to satisfaction of customary closing conditions including the receipt of certain regulatory approvals and approval by Radius shareholders, as well as certain other conditions related to Radius’ indebtedness and available cash. The Radius board of directors, upon the recommendation of a transaction committee comprised of independent directors, has unanimously approved the transaction, and the transaction is not subject to a financing condition. The deal is the first transaction signed by EQT Active Core Infrastructure. The purchase price represents a premium of 28 percent over the unaffected closing price of Radius shares on 24 February 2023, and a premium of 31 percent to the volume-weighted average price of Radius shares over the last 90 days before the deal was announced. Under the terms of the deal, EQT and PSP will indirectly acquire Radius for $15 per share in cash, representing a total enterprise value of approximately $3bn. Swedish private equity firm EQT, together with the US Public Sector Pension Investment Board (PSP), has agreed to acquire Radius Global Infrastructure.
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