Canadian firm invests in KKR-backed Philippine telco tower group

Canadian firm invests in KKR-backed Philippine telco tower group

MANILA, Philippines — Canadian asset manager British Columbia Investment Management Corp. (BCI) has signed a deal to acquire a minority stake in Pinnacle Towers, a leading independent telecommunications tower backed by global private equity firm KKR. The parties signed definitive agreements on June 9. Under the deal, BCI will buy the shares in Pinnacle Towers from KKR, which will remain the majority shareholder. They did not disclose the exact o…