GNI: Series A equity raise for Phil-Tower Consortium Inc (“PTCI”)
Private capital raise
Client
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Global Network Inc. (“GNI”)
Investor group
Lead investor(s):
Macquarie Capital
Follow-on investor(s):
Not applicable
Transaction summary
Deal value
Undisclosed
Transaction highlights
Innovative structure designed to minimise dilution to the founding shareholders
Capital raised at an attractive valuation, especially given the greenfield nature of operations
Series A raise will enable PTCI to accelerate the rollout of telecommunication towers in the Philippines
Completion
Dec-21
Client description
GNI builds and operates digital infrastructure in emerging markets, including Philippines, Malaysia, Indonesia and Myanmar
PTCI, a leading independent tower company in the Philippines, is rolling out more than 1,000 build-to-suit telecommunications towers across the Philippines for the mobile operators
PTCI is majority owned and managed by GNI
Redpeak role
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Sole financial adviser to GNI on the capital raise
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Coordinated all aspects of transaction execution including structuring, due diligence, negotiations and documentation
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Favourably positioned the investment opportunity to attract significant buyside interest from private equity and infrastructure funds
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Ensured timely closing, notwithstanding COVID-19 restrictions and lockdowns in the Philippines