London: Swiss Life Asset Managers acquires major stake in Telecom Infrastructure Partners
Jan 10, 2024 | Posted by Abdul-Rahman Oladimeji
Investment firm Swiss Life Asset Managers this week entered an agreement with London-based InfraBridge, an infrastructure investment management division of DigitalBridge Group, to acquire a co-controlling equity stake in Telecom Infrastructure Partners (TIP).
Gianfranco Saladino, head of value-add Infrastructure at Swiss Life Asset Managers, said, “We are excited to partner with InfraBridge to support TIP during its next major growth phase. The North American example has shown the true potential of land lease aggregation, and we are thrilled to work with our partners, as well as with Eric Overman and his team, to fast-track TIP’s global expansion.”
Damian Stanley, managing partner at InfraBridge added, “Since we led the establishment of TIP in 2021, we have supported TIP’s rapid scale-up in Europe and Latin America to a fast-growing lease aggregator with over 850 leases and a significant backlog. This transaction is a testament to our belief in the company's potential and attractive position in the market, and we are delighted to partner with Swiss Life Asset Managers to fuel TIP’s growth further.”