Phoenix Tower Participações S.A.’s Acquisition of 100% Stake in K2-Tower Sociedade Anônima


Machado Meyer and Azeredo Santos & Ugatti Peres advised on the deal

Phoenix Tower International (“PTI”), owned by funds managed by Blackstone’s Tactical Opportunities business, executed the acquisition of K2-Tower Sociedade Anônima.

Phoenix Tower International (“PTI”) owns and operates towers and other wireless infrastructure and related sites throughout Latin America and the United States. PTI’s customers include América Móvil, Telefonica, Cable & Wireless Communications, AT&T, T-Mobile, Sprint-Nextel, Verizon and Digicel Group. PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across various high-growth markets internationally. PTI is currently operating in Costa Rica, Panama, Dominican Republic, Colombia, the United States and Brazil.

PTI’s investors include funds managed by Blackstone Tactical Opportunities, as well as various members of the management team. PTI is based in Boca Raton, Florida.

K2 Towers SA operates wireless communication towers in Brazil.

Machado Meyer advised Blackstone Tactical Opportunities Fund L.P. and Phoenix Tower Participações S.A. with Arthur Bardawil Penteado (Picture) Mariana Meditsch and Laura Ducati Dabronzo.

Azeredo Santos & Ugatti Peres advised K2-Tower Sociedade Anônima and the selling shareholers with Claudia de Azeredo Santos, Leonardo Ugatti Peres and Fabrizio Musso.

Involved fees earner: Claudia de Azeredo Santos – Azeredo Santos & Ugatti Peres; Leonardo Ugatti Peres – Azeredo Santos & Ugatti Peres; Arthur Bardawil Penteado – Machado Meyer Advogados; Laura Ducati Dabronzo – Machado Meyer Advogados; Mariana Meditsch – Machado Meyer Advogados;

Law Firms: Azeredo Santos & Ugatti Peres; Machado Meyer Advogados;

Clients: Blackstone Tactical Opportunities Fund L.P. ; K2-Tower SA; Phoenix Tower Participações;

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Author: Ambrogio Visconti.