March 01, 2023
On March 1, 2023, Radius Global Infrastructure, Inc. (“Radius”), a leading global aggregator of real property interests underlying wireless telecommunications cell sites and other digital infrastructure assets, announced it has entered into a definitive agreement under which EQT Active Core Infrastructure and Public Sector Pension Investment Board (“PSP Investments”) will indirectly acquire Radius for $15.00 per share in cash, representing a total enterprise value of approximately $3 billion. Upon completion of the transaction, Radius will be a privately held company indirectly wholly owned by EQT Active Core Infrastructure and PSP Investments, as well as Radius management. Radius shares will no longer be listed on any public securities exchange. Cravath is representing Radius in connection with the transaction.
The Cravath team is led by partners Thomas E. Dunn, Matthew L. Ploszek and Jin-Kyu Baek and includes associates Richard E. Schwartz, Paul D. Kim and Jason O. Rooindej on M&A matters; partner Tatiana Lapushchik and associate Diane K. Mokoro on banking matters; partner C. Daniel Haaren and associate Monica He on financing matters; partner Andrew T. Davis and associates Kyle R. Jorstad and Sonia Katharani-Khan on tax matters; partners Eric W. Hilfers and Matthew J. Bobby and associates Jana I. Hymowitz and Anna Mikaelyan on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; of counsels Jesse M. Weiss and Benjamin G. Joseloff on regulatory matters; senior attorney Joyce Law on real estate matters; and associate Kathryn Ann Stamm on intellectual property matters.
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.