Prague, 04 May 2021
Funds managed by Macquarie Asset Management have today announced the sale of České Radiokomunikace to Cordiant Digital Infrastructure.
České Radiokomunikace is a leading telecommunications, media and technology infrastructure and services provider in the Czech Republic. České Radiokomunikace operates a portfolio of 660 telecommunications towers, with 86 television and 97 radio broadcasting sites, and 3,730-kilometres of fibre. In addition to supporting nationwide broadcasting and connectivity, České Radiokomunikace offers cloud and data centre solutions, and has led the development of internet-of-things technology throughout the country.
Martin Gebauer, Head of Central and Eastern Europe for Macquarie Asset Management’s Infrastructure team, said: “We are proud to have supported České Radiokomunikace’s growth story over the past decade as it has evolved from a traditional broadcasting infrastructure owner and operator, into a leading digital infrastructure platform.
“We have enjoyed working closely with České Radiokomunikace’s dedicated team to facilitate this transformation and are delighted to have found a new owner who can help to further cement its leading position in the Czech market.”
Steven Marshall, Chairman of Cordiant Digital Infrastructure, said: “We are delighted to have acquired České Radiokomunikace from Macquarie. České Radiokomunikace is a national champion with an unrivalled portfolio of assets in a core European country. We are delighted to be partnering with their strong management team, its employees and other stakeholders in order to continue building České Radiokomunikace as a leading digital infrastructure platform serving the broadcast, telecommunications and data centre markets.”
Macquarie European Infrastructure Fund II (MEIF2), Macquarie European Infrastructure Fund III (MEIF3), and Macquarie Mercer Infrastructure Trust invested in České Radiokomunikace in 2011. Since then, České Radiokomunikace has led the transition to second-generation terrestrial digital video broadcasting (DVB-T2) and digital audio broadcasting. České Radiokomunikace has also invested to support the rollout of 5G and developed a market leading offering across internet-of-things, cloud services and data centres.
Macquarie Asset Management is a long-term investor in the Czech Republic’s essential infrastructure. Today, its funds manage investments in GasNet, the operator of a 65,000-kilometre gas distribution network with 2.3 million connections across the country.
The terms of the transaction have not been disclosed.
Macquarie Asset Management
Emily Martyn (London)
+44 7876 863 009
Cordiant Digital Infrastructure
Eddie Livingstone-Learmonth (London)
+44 7900 121 128
Macquarie Asset Management provides specialist investment solutions to clients across a range of capabilities including infrastructure and renewables, real estate, agriculture, transportation finance, private credit, equities, fixed income, and multi-asset solutions.
As at 31 December 2020, Macquarie Asset Management had €347 billion of assets under management. Macquarie Asset Management has over 1,900 staff operating across 20 markets in Australia, the Americas, Europe and Asia.
Macquarie Asset Management has been managing assets for institutional and retail investors since 1980 in Australia and in the United States, retail investors recognise Delaware Funds® by Macquarie family of funds as one of the longest standing mutual fund families, with more than 80 years in existence.
For more information, please visit macquarie.com.
Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy - data centres, fibreoptic networks and broadcast and telecommunication towers - "the plumbing of the internet" - in the UK, Europe and North America. Further details of the Company can be found on the Company's website at www.cordiantdigitaltrust.com.
Cordiant Capital Inc., the Company's investment manager, is a sector-focused investment manager with particular expertise and experience in digital infrastructure. Cordiant invests in global infrastructure and real assets, running infrastructure private equity and infrastructure private credit strategies through limited partnership funds and managed accounts. Cordiant's current client base consists of global insurance companies, pension plans and family offices.