TPG, a global alternative asset management firm, has announced plans to acquire Peppertree Capital Management, a specialized digital infrastructure investment firm with a focus on wireless communications towers, in a cash and equity transaction.
The deal is estimated to include up to $242 million in cash and up to $418 million in equity and also includes earnouts based on Peppertree’s future performance, valued at up to $300 million.
With $7.7 billion in assets under management, Peppertree invests in wireless communications towers and related critical communication infrastructure assets to address evolving network and data demand worldwide. Peppertree has made more than 175 investments through 10 flagship funds, supporting the construction and acquisition of more than 10,000 wireless communication infrastructure assets as a preferred capital source to developers.
As a strategic partner to tower developers, Peppertree is well positioned to identify new tower de
