3i Completes Exit From Shared Tower
Deal News | Mar 12, 2025 | 3i Group
3i Group plc has announced the sale of its stake in Shared Tower, marking the first exit for its North American Infrastructure Fund. This divestment reinforces 3i Group's robust track record in the digital infrastructure sector. Shared Tower is recognized as Canada’s leading developer and owner of carrier-neutral communications infrastructure, providing innovative and reliable solutions across the nation under long-term contracts. 3i initially invested in Shared Tower in 2022, aiding its expansion and the tripling of its tower portfolio. The firm also ventured into additional passive network infrastructure solutions. The exit from this investment not only highlights 3i's successful engagement in the sector but also its strategic approach in fostering growth within its portfolio companies.
Sectors
- Digital Infrastructure
- Private Equity
- Telecommunications
Geography
- Canada – The target company, Shared Tower, operates as a leading developer and owner of communications infrastructure in Canada.
- North America – The transaction involves 3i's North American Infrastructure Fund, and Shared Tower is a significant player in this region.
Industry
- Digital Infrastructure – The article discusses 3i Group's exit from Shared Tower, a company providing communications infrastructure, which falls under the digital infrastructure industry.
- Private Equity – 3i Group is a private equity firm, and the transaction of selling its stake in Shared Tower represents a common activity within this industry.
- Telecommunications – Shared Tower operates in the telecommunications sector, offering carrier-neutral communications infrastructure solutions across Canada.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 3i Group plc | Bidding Company (Seller) | Company | 3i Group is a leading private equity and venture capital company managing the North American Infrastructure Fund which held a stake in Shared Tower. |
| Shared Tower | Target Company | Company | Canada's leading developer and owner of carrier-neutral communications infrastructure. |