Connexa and Ontario Teachers’ Pension Plan have closed the previously announced agreement with 2degrees Mobile (“2degrees”), an entity owned by managed funds of Macquarie Asset Management and Aware Super, to acquire 2degrees’ passive1 mobile telecommunications tower assets for approximately $878 million (NZ$1.076 billion).

Connexa was advised by Chapman Tripp with a team led by  by Partners Roger Wallis and Greg Wise, and included Partners Cathryn Barber, Lucy Cooper, Kelly McFadzien, Graeme Olding and Tim Tubman, and Senior Associates Emma Bowman, Jana Hitchcock, Guy Houghton Jones and Rosa McPhee.

Alongside Chapman Tripp, Allens and Linklaters advised Connexa. 2degrees was advised by Simpson Grierson and Gilbert + Tobin. Bank of America Securities advised OTPP, Macquarie Capital advised 2degrees, and Jarden advised Spark, in each case as financial advisers on the transaction.