Phoenix Tower International

Financial Adviser

Van Lanschot Kempen acted as Financial Adviser to Phoenix Tower International, a leading global wireless communications infrastructure provider, on the acquisition of NOVEC GmbH

Transaction highlights

Phoenix Tower International ("PTI"), a leading global wireless communications infrastructure provider, signed a definitive agreement with NOVEC BV ("NOVEC") to acquire NOVEC GmbH, its German subsidiary.
NOVEC GmbH currently operates 220 telecommunications sites and has developed a significant pipeline of new sites in order to play a key role in deploying critical infrastructure for mobile operators in Germany.
The strategic acquisition marks a significant milestone for Phoenix Tower International as it enters the German telecommunications market.
This transaction marks Van Lanschot Kempen’s fourth Infrastructure and Renewables transaction in the last twelve months, underpinning the ability of Van Lanschot Kempen to support companies in the Infrastructure and Renewables landscape.

About Phoenix Tower International

PTI owns and operates over 23,000 telecom towers throughout Europe, the United States, Latin America and the Caribbean. In Europe, PTI is currently present in several countries including France, Italy, Ireland, Malta and Cyprus.

PTI was founded in 2013 and its investors include funds managed by Blackstone, Wren House and various members of the management team and is headquartered in Boca Raton, Florida.

About NOVEC

Established in 2005, NOVEC stands as the largest independent telecommunications infrastructure provider in the Netherlands. Its primary focus lies in constructing, managing and maintaining a comprehensive network of telecommunications towers and associated infrastructure across the Netherlands.

Background Van Lanschot Kempen Infrastructure & Renewables

Since 2020 to date, Van Lanschot Kempen advised on >110 transactions across different sectors and countries, representing a total deal value of >€30bn in a challenging and unprecedented pandemic environment
Following the successful Joint Venture of Glaspoort and Glasdraad earlier this year, this transaction marks van Lanschot Kempen’s second cross-border transaction in the digital infrastructure sector in 6 months, underpinning our expertise as well as our capabilities to successfully execute complex transactions with leading corporate and institutional investors
This transaction marks another important milestone for the van Lanschot Kempen’s Infrastructure & Renewables franchise as we continue to support our clients active in the digital and renewables sector