Macquarie funds have agreed to buy Czech tower company Ceske Radiokomunikace from Mid Europa Partners for E574m.
Macquarie European Infrastructure Fund II, Macquarie European Infrastructure Fund III and the Macquarie Mercer Infrastructure Trust will…
Macquarie funds have agreed to buy Czech tower company Ceske Radiokomunikace from Mid Europa Partners for E574m.
Macquarie European Infrastructure Fund II, Macquarie European Infrastructure Fund III and the Macquarie Mercer Infrastructure Trust will acquire 100% of the company.
Goldman Sachs advised Mid Europa on the transaction.
A consortium of Mid Europa, Lehman Brothers and UAE-based Al-Bateen Investment bought CRa and a 39.23% stake in T-Mobile Czech Republic for a total of E1.2bn in November 2006. ING provided a E750m senior and mezzanine debt package for the deal. Mid Europa acquired Lehman Brothers’ stake in November 2008 and currently owns 75% of the tower company.
CRa holds 26 high-rise towers and over 800 towers and masts, as well as a 2,600 kilometer fibre-optic backbone.
