John Hancock-Led Consortium to Acquire Approximately 30% of ExteNet
10.20.20
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The Firm is representing ExteNet Systems, a leading provider of mobility and fiber connectivity solutions, and the largest private owner and operator of DAS and small cell networks in the United States, in its announced sale of an approximately 30% interest in ExteNet to a consortium led by John Hancock Life Insurance Company (U.S.A.). John Hancock will join existing major investors, Digital Colony and Stonepeak Infrastructure Partners. ExteNet will utilize the capital investment from John Hancock to fund its future growth as it scales for 5G network densification and addresses advanced connectivity needs of its customers including mobile network operators (MNOs), carriers, property owners and enterprises.
The Simpson Thacher team includes David Lieberman, Kyle Kreshover and Michael Spirtos (M&A); Andrew Blau and Joo Lee (ECEB); and Drew Purcell and Eli Shalam (Tax).