Coillte sells telecoms masts in €70 million deal to InfraVia

Goodbody acted as an adviser to sell Coillte telecoms to InfraVia. This was due to Coillte's wish to release capital for growth prospects.

Company
Coillte
Transaction
Sector
Activity
Forestry business
Date
Country
Ireland

Coillte is the Irish state forestry company which has a vast landbank across Ireland, much of it in remote and mountainous areas. This enabled it to build up a portfolio of wireless communication towers as mobile phone companies built out their networks. Goodbody, based on its successful track record in the sector, was appointed to sell the assets (€70m) as Coillte wished to release capital for other growth prospects. This was infrastructure investor InfraVia's first acquisition in Ireland and it has more recently added a nursing home business.