Allen & Overy advised American Tower Corporation on the deal.
Allianz Capital Partners, on behalf of Allianz insurance companies (“Allianz”) and the Allianz European Infrastructure Fund acquired a 10% stake in ATC Europe.
The transaction, which is expected to close in the third quarter of 2021, subject to customary closing conditions, including regulatory approvals, sees Allianz join Caisse de dépôt et placement du Québec (CDPQ) in a long-term strategic partnership with American Tower.
American Tower is a leading independent owner, operator and developer of multitenant communications real estate with a global portfolio of approximately 187,000 communications sites.
The A&O team was led by partner Sara Pickersgill (Picture) supported by senior associates Hannah Brown and Emma Shelston. Tax advice was provided by partner Vimal Tilakapala and counsel Gareth Banfield. Antitrust advice was provided by partner Dominic Long and senior associate David Weaver.
Involved fees earner: Gareth Banfield – Allen & Overy; Hannah Brown – Allen & Overy; Dominic Long – Allen & Overy; Sara Pickersgill – Allen & Overy; Emma Shelston – Allen & Overy; Vimal Tilakapala – Allen & Overy; David Weaver – Allen & Overy;
Law Firms: Allen & Overy;
Clients: American Tower;