Ballard Spahr represented Everest Infrastructure Partners in raising $500 million in new equity capital commitments by private equity funds managed by TPG Peppertree.
Pittsburgh-based Everest Infrastructure Partners is one of the largest and fastest-growing wireless tower companies in the world. Everest owns and markets thousands of wireless infrastructure locations. It will use the investment to support future growth in its U.S.-based wireless infrastructure platform.
Chagrin Falls, Ohio-based TPG Peppertree is a leading specialized digital infrastructure investment firm. It focuses on making investments in growing communication infrastructure assets, primarily wireless communications towers. TPG Peppertree has $7.9 billion in assets under management and has made more than 175 investments through 10 flagship funds.
Ballard Spahr Business and Transactions Department Chair Nathan E. Seiler led the Ballard Spahr team that handled the transaction. The team included Tax Partner Sharon Shachar; Corporate Counsel Andrew M. Banks, whose practice focuses on investment funds; and Tax Associate Arbenita Misini.
For further information, please see Everest Infrastructure Partners' press release.