Radius Global Infrastructure, Inc. (NASDAQ: RADI) is a global aggregator of real property interests underlying wireless telecommunications cell sites and other digital infrastructure assets. The firm announced the completion of its approximately $3.0 billion acquisition by the EQT Active Core Infrastructure Fund and the Public Sector Pension Investment Board.
Under the terms of the merger agreement, which was approved by Radius stockholders at a special meeting held on June 15, 2023, Radius stockholders will receive $15.00 in cash per share of Radius common stock. As a result of the completion of the acquisition, Radius is now privately held and its common stock has ceased trading on the NASDAQ.
“We are excited to begin this next chapter as a private company under EQT and PSP ownership,” said Bill Berkman, Co-Chairman and CEO of Radius. “This transaction is an exciting outcome for the company as well as our employees, customers, former shareholders, and the new ownership group. As the largest real property-focused digital infrastructure investment platform globally, we look forward to continuing to grow our portfolio both organically and inorganically and expanding our collaborative and constructive partnerships with our mobile network operator, tower company, and telco tenants around the world.”
“Our investment in Radius demonstrates our conviction that the company will continue to be a leading aggregator of critical digital infrastructure. This investment aligns directly with our thematic investment approach and our focus on partnering with best-in-class companies and management teams. We are excited to partner with the Radius team on this next stage of growth, as we capitalize on the growing global demand for data,” said Alex Greenbaum, Partner within EQT Active Core Infrastructure’s Advisory Team.
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