Swedish private equity firm EQT AB has initiated a sale process for a significant minority stake in the Italian unit of digital infrastructure operator Radius Global Infrastructure, according to a report by Bloomberg citing sources familiar with the matter.
EQT, listed on the Stockholm exchange, is partnering with UBS Group AG to engage prospective investors. The Italian business, which leases sites to wireless carriers, tower companies, and other digital infrastructure tenants, is expected to command a valuation exceeding €1bn ($1.2bn), the sources added.
The asset is drawing attention from international infrastructure investors, with non-binding bids requested by late July. Discussions remain ongoing, and EQT has yet to finalise the size of the stake on offer or rule out retaining the asset for the longer term. EQT and UBS declined to comment.
Radius, established in 2010, operates around 7,000 sites across 21 countries, including France, the UK, Spain, and Australia. Its portfolio encompasses approximately 9,200 lease streams, primarily structured as triple-net ground leases, where tenants assume responsibility for rent, property taxes, insurance, and maintenance.
The sale follows EQT’s 2023 take-private of Radius – previously Nasdaq-listed – together with PSP Investments, at an enterprise value of $3bn. This was EQT’s inaugural deal via its Active Core Infrastructure fund. Last year, Radius appointed Benjamin Lowe as CFO, underscoring its focus on operational leadership.
