Madrid-based fund Asterion Industrial Partners has reached an agreement with AMP Capital for the acquisition of Axión, a leading independent provider of telecommunications infrastructure and services in Spain.
Axión provides broadcasting, transport, site hosting and operation and maintenance services to the radio, regional television and telecommunications sectors. It currently manages more than 5,000 service points distributed throughout Spain in more than 635 towers. In addition, in 2018 the company expanded into the wholesale fibre business through Axent, a joint venture with Enagás, to develop and market its joint radio and fibre infrastructure. Axent has more than 4,600 kilometres of fibre throughout Spain.
Guido Mitrani, Founding Partner at Asterion Industrial Partners, said: “We are very excited about this investment which is highly complementary to our existing portfolio and is uniquely positioned for further investment and growth acceleration. We look forward to working with its first-class management team, applying our industrial approach, to create an integrated telecommunications infrastructure platform, with a unique portfolio of towers enriched with wide-ranging backhaul capabilities and a superior fibre network”.
Greenhill & Co, Allen & Overy, Arthur D.Little and KPMG advised AMP Capital, while Herbert Smith Freehills, Alvarez & Marsal, Analysys Mason and Deloitte advised Asterion Industrial Partners.