GD Towers Secures $53m From Pantheon Infrastructure

GD Towers, a provider of digital infrastructure in Germany and Austria, will receive a  $53 million investment from Pantheon Infrastructure PLC (PINT). The investment was made via a co-investment vehicle administered by DigitalBridge Group Inc. affiliates.  GD Towers has a network of 40,000 sites spanning Germany (c.33,000) & Austria (c.7,000), that serve as the infrastructure for carriers to deliver telecom services to end users. 

As part of the transaction, independent business GD Towers was unloaded out of the infrastructure network held by Deutsche Telekom (DT). DT will retain a 49 percent stakeholder and anchor tenant under a long-term master lease arrangement following the purchase. DT sold 51% of its tower subsidiary, GD Towers, for $17.5 million to Canadian investment management firm Brookfield and American private equity firm DigitalBridge in 2022. 

In June of last year, Pantheon injected $34.7 million into Digital Bridge's Vantage Data Centers. 

Established in 1982, Pantheon Ventures has more than $70 billion of holdings under management. The corporation created a new infrastructure fund, Pantheon Infrastructure PLC, in 2021. Since its inception, PINT has ventured in KKR’s take-private of CyrusOne, DigitalBridge’s tower subsidiary Vertical Bridge, and an unidentified digital infrastructure company which owns and runs fiber-to-the-home network in Western Europe.