Macquarie Asset Management Acquires IHS Towers’ South American Wireless Tower Operations

MTN Group Acquires IHS Towers in $6.2 Billion All-Cash Deal

February 5, 2026

Telecommunications

IHS Holding Limited (IHS Towers) entered into a definitive merger agreement to be acquired by MTN Group Limited in an all-cash transaction valued at approximately $6.2 billion enterprise value. IHS Towers shareholders will receive $8.50 per ordinary share in cash, and IHS Towers will become a wholly owned subsidiary of MTN.

Berkshire Partners Acquires Majority Stake in TowerNorth

October 5, 2023

Telecommunications

Berkshire Partners has made a majority growth investment in TowerNorth, a developer, owner and operator of wireless infrastructure assets across the United States and Europe. Founding investor Wincove Private Holdings re-invested in the transaction; financial terms were not disclosed.

IHS Towers Acquires GTS SP5 Tower Portfolio (2,115 Towers)

February 1, 2022

Telecommunications

IHS Holding Limited (IHS Towers) agreed to acquire São Paulo Cinco Locação de Torres Ltda. (SP5), a portfolio company of Grupo Torresur (GTS), for US$315 million on a cash- and debt-free basis. The transaction transfers ownership of 2,115 towers in Brazil to IHS and is expected to close subject to regulatory approvals in Q1 2022.

Macquarie Capital Invests in Phil-Tower Consortium Inc

December 1, 2021

Telecommunications

Macquarie Capital (the advisory, capital markets and principal investment arm of Macquarie Group) has completed the financial close of an investment in Phil-Tower Consortium Inc (PhilTower), a fast-growing independent tower company in the Philippines. The investment will support PhilTower's aggressive rollout of more than 1,000 sites and enable geographic expansion to meet growing demand for 4G and 5G services.

CBRE Caledon Acquires Majority Stake in CitySwitch Tower Holdings

September 14, 2021

Telecommunications

CBRE Caledon Capital Management has entered into a definitive agreement to acquire a majority equity interest in CitySwitch Tower Holdings, a build-to-suit wireless tower developer and operator, from funds managed by American Infrastructure Funds LLC and other shareholders. The investment (made on behalf of a CBRE Caledon fund and a separately managed account) will support CitySwitch's expansion of its tower portfolio and build-to-suit pipeline across the eastern United States.

Macquarie-led Consortium Acquires 88% Stake in AirTrunk

April 8, 2020

Infrastructure

A consortium led by Macquarie Asia Infrastructure Fund 2 (MAIF2), managed by Macquarie Infrastructure and Real Assets (MIRA), has closed financial close to acquire an 88% stake in AirTrunk, valuing the company at more than A$3 billion. The stake was purchased from Goldman Sachs, Sixth Street Partners and founder Robin Khuda, who will retain a material stake and remain CEO; the investment will accelerate AirTrunk's planned expansion across the Asia-Pacific.