Simpson Thacher represented funds managed by Blackstone in connection with the strategic investment by Grain Management and BlackRock in Phoenix Tower International (PTI), a leading global wireless communications infrastructure provider. Financial terms of the transaction were not disclosed.
Founded in 2013, PTI is the largest global private tower platform, operating over 24,000 cell towers across 23 countries in North America, Europe, Latin America and the Caribbean.
The Simpson Thacher team includes Michael Chao, Anthony Vernace, Izaak Lustgarten and David Kim (M&A); Gregory Grogan, Gary Tashjian, Matias Botto and Meredith Brenton (Executive Compensation and Employee Benefits); Jonathan Goldstein and Andrew Mandelbaum (Tax); Peter Guryan, Ross Ferguson, Rick Jamgochian, Kelly Karapetyan and Jamie Logie (Antitrust); Mark Skerry, Claire DiMario and Taylor Wettach (Foreign Direct Investment); Benjamin Wells (Registered Funds); Peter Gilman, Parker Kelsey, Linda Tieh, Benjamin Smith, Jeannette Figg and Manas Kumar (Funds).