News & Announcements

Weil Advised Funds Managed by Apollo in its Acquisition of a U.S. Telecommunications Platform from Lendlease

Weil advised funds managed by affiliates of Apollo Global Management, Inc. in its acquisition of a U.S. telecommunications platform, including a portfolio of operating cell towers and a pipeline of contracted towers under development from Lendlease. The acquired company will rebrand itself as Parallel Infrastructure, a leading build-to-suit tower operator with nearly 500 macro cell towers across the United States and several hundred more under contract or in late-stage development. The transaction closed on October 14, 2020.

The Weil team that advised funds managed by affiliates of Apollo was co-led by Mergers & Acquisitions partner Michael Aiello and Private Equity partner Brian Gingold. The team also includes Private Equity associates Jenna McBain, James-Pierre-Louis and Thomas Forman; M&A associate Sam Hulsey; Tax Head Joseph Pari; Tax counsel Eric Remijan; Executive Compensation & Benefits partner Amy Rubin; Executive Compensation & Benefits associates Amanda Rosenblum and Emily Gulyako; Banking & Finance partner Allison Liff; Banking & Finance associates Jacqueline Oveissi and Rebecca Williams; Technology & IP Transactions partner Jeffrey Osterman; Technology & IP Transactions associates Catherine Kim and Tyler Fredricks; Real Estate partner Nellie Camerik; Real Estate counsel Robert Shmalo and Caitlin Steiger; Real Estate attorney Leslie Smith; Real Estate associate Daniel Soso; Regulatory Transactions counsel John O'Loughlin and Regulatory Transactions associate Ariel Fliman.