Deals

KKR, GIP Near Deal for Vodafone’s $15 Billion Tower Unit

Consortium closing in on stake in Frankfurt-listed Vantage
Saudi Arabia’s Public Investment Fund will help finance deal

Vodafone Group Plc Masts Ahead of Planned European Tower Unit Listing — Photographer: Liesa Johannssen-Koppitz/Bloomberg

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By Aaron Kirchfeld, Dinesh Nair, and Ruth David

November 8, 2022 at 4:27 PM UTC

Updated on

November 9, 2022 at 8:09 AM UTC

This article is for subscribers only.

KKR & Co. and Global Infrastructure Partners are nearing a deal for Vodafone Plc’s listed towers arm, providing a rare bright spot for dealmakers in an otherwise slow market, people familiar with the matter said.

The investment firms could announce a deal for a stake in Frankfurt-listed Vantage Towers AG as soon as Wednesday, the people said, asking not to be identified discussing confidential information.