Mintz Advises CVC DIF in Acquisition of SBA Communications’ Canadian Tower Infrastructure Platform

Key Callouts

• SBA Communications agreed to sell its Canadian tower business to CVC DIF for approximately CA$446 million
• The transaction includes approximately 500 wireless towers across Canada, forming a leading independent tower platform
• SBA Canada operates under long-term agreements with major Canadian mobile operators
• The deal supports 5G rollout and broadband expansion in urban, suburban, and rural markets
• Mintz’s cross-border team of transactional and regulatory attorneys spearheaded CVC DIF’s significant investment in critical digital mobile tower infrastructure

Summary

• The Situation: CVC DIF sought to acquire SBA Communications’ Canadian tower portfolio to create a leading wireless infrastructure platform in Canada. The transaction involved complex cross-border considerations, regulatory approvals, and structuring to accommodate multiple investment and operational requirements.
• The Approach: Mintz advised CVC DIF on all Canadian and U.S. legal aspects of the acquisition, including structuring, diligence, and coordination with third party advisors. The team leveraged its experience in telecom and infrastructure transactions to address technical, regulatory and financing considerations, enabling an efficient transaction process.
• The Outcome: The acquisition closed successfully, positioning CVC DIF as a major player in Canada’s wireless infrastructure market. The transaction provides a strong foundation for future growth and expansion in digital connectivity, supporting Canada’s evolving telecom and data center ecosystem.

Mintz’s cross-border team was led by Private Equity Practice Co-chair Matthew T. Simpson and Partner Michael Akkawi, and included Partners Mervyn Allen, Anthony de Fazekas, Alex North, Katy Pitch, and Brad Tartick; Members Ari Feder and Ran Zioni; Canada Dispute Resolution & Advocacy Chair Emily Fan; Special Counsel William Squires, III; and Associates Tully Cogswell, Angela Hou, Luke Jeagal, Victoria Liu, William Loumankis, Tom Pagliarini, Emma Weiss, Brook Wong, and Patrick Denroche. 

Members of the Mintz team are based in the firm’s Toronto, Boston, New York, and Washington, DC, offices.