3i Infrastructure plc completes acquisition of interest in Wireless Infrastructure Group
i Infrastructure plc (“3i Infrastructure”) has completed the acquisition of a 36% economic interest in Wireless Infrastructure Group, following clearance from the European Commission under the EU Merger Regulation.
3i Infrastructure has invested £75m to acquire its interest. The transaction was announced on 7 April 2016.
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For further information, contact:
Chairman, 3i Infrastructure plc
Tel: +44 1534 847 410
Tel: +44 20 7975 3469
Tel: +44 20 7975 3032
Notes to editors:
About 3i Infrastructure plc
3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company’s market focus is on economic infrastructure and greenfield projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.
3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.
About Wireless Infrastructure Group
WIG is an independent communications infrastructure provider headquartered in Bellshill, Scotland. The Company builds and operates communication towers (masts) in rural and suburban areas, together with fibre based networks, to improve mobile coverage in large buildings and on city streets. WIG is independent of any network operator and invests in shareable infrastructure that is made available to all networks to access.
Following its inception in 2006, WIG has invested in over 2,000 shared communications towers and other wireless infrastructure across the UK and its high quality infrastructure enables industry leading levels of mobile and other wireless connectivity. The business has also expanded recently into the Netherlands and Ireland.
About Wood Creek
Headquartered in New Haven, Connecticut, Wood Creek Capital Management is a SEC-registered investment advisor founded in 2005 with holdings in tangible and intangible asset-based businesses. Wood Creek is an affiliate of Babson Capital Management LLC.