Caisse de dépôt to acquire 30 pct interest in Vertical Bridge
Caisse de dépôt et placement du Québec has agreed to acquire a 30 percent stake in the main operating affiliate of Vertical Bridge Holdings LLC, a Boca Raton, Florida-based owner and operator of communications infrastructure. No financial terms were disclosed. Vertical Bridge will use the proceeds to grow its U.S. portfolio of broadband and broadcast towers, small cells, real estate and other wireless infrastructure assets ahead of 5G deployment. CDPQ joins a group of investors that has backed Vertical Bridge since its founding in 2014. They include Digital Bridge, Jordan Co, Goldman Sachs Infrastructure Partners, Stonepeak Infrastructure Partners, Edgewater Funds, CalSTRS and Dock Square Capital LLC.
2 April 2019•3 mins read
