SBA Communications Sells Canadian Tower Portfolio to CVC DIF
Deal News | Aug 05, 2025 | CVC Capital Partners
CVC DIF, the infrastructure investment strategy of global private markets manager CVC, has announced the acquisition of SBA Communications' Canadian wireless tower business. This significant deal focuses on SBA Canada's diversified portfolio of approximately 500 owned and managed wireless communication towers. With strategically located sites under long-term contracts, SBA Canada plays a crucial role in supporting next-generation mobile networks across Canada. The acquisition is scheduled to close in the fourth quarter of 2025, pending regulatory approvals. This marks a strategic investment for CVC DIF, aligning with its focus on digital infrastructure and contributing to the expansion of 5G and broadband networks. Expert advisors, including TD Securities and Mintz, Levin, are guiding the transaction.
Sectors
- Telecommunications Infrastructure
- Private Equity
Geography
- Canada – The target company, SBA Communications' Canadian tower business, is a key player in Canada's telecommunications infrastructure.
Industry
- Telecommunications Infrastructure – The article involves the acquisition of a wireless tower business, a critical component of telecommunications infrastructure, which supports wireless communication and connectivity.
- Private Equity – The acquisition is being executed by CVC DIF, part of the global private markets manager CVC, focusing on investments in infrastructure.
Financials
- Not disclosed – The financial details including the transaction amount are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CVC DIF | Bidding Company | Company | CVC DIF is the infrastructure investment strategy of CVC, a global private markets manager, focusing on acquiring infrastructure-related assets. |
| SBA Communications | Selling Company | Company | SBA Communications is a leading owner and operator of wireless communications towers, selling its Canadian portfolio to CVC DIF. |
| TD Securities | Financial Advisor | Company | Serves as the financial advisor to CVC DIF for the transaction. |
| Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. | Legal Advisor | Company | Provides legal advisory services to CVC DIF. |
| EY-Parthenon | Commercial Advisor | Company | Acts as the commercial advisor for CVC DIF. |
| Leo Berwick | Financial and Tax Advisor | Company | Advises CVC DIF on financial and tax considerations. |
| Saras Partners | Technical Advisor | Company | Provides technical advisory services to CVC DIF. |
| Arcadis | Environmental Advisor | Company | Serves as the environmental advisor for the transaction. |