Tillman Infrastructure Is Seeking a $500 Million Capital Injection

Tillman Infrastructure, which counts UBS Asset Management among its investors, is in talks to raise around $500 million in preferred equity to support its growth, according to people with knowledge of the matter.

The company, which builds, owns and operates cell towers, is working with advisers to solicit interest from potential investors, said the people, all of whom requested anonymity to discuss confidential information. If an agreement is reached, a transaction could occur before the end of year, one of the people added. Terms aren’t finalized and it’s possible the size or structure of the preferred equity injection could change.