TheDeal.com Reports NextG Sold to Crown Castle
TheDeal.com article, “Madison Dearborn-backed NextG Sold for $1B” reported Wireless Tower operator, Crown Castle, will buy NextG Networks for $1 billion in cash. NextG is owned by a private equity group led by Madison Dearborn Partners. The article described NextG’s large network of outdoor distributed antenna systems (DAS), with background of private equity investments in DAS systems and information relevant to the landscape of future telecom mergers and acquisitions. It noted NextG retained Kirkland & Ellis LLP and Kelley Drye & Warren LLP, and Crown Castle hired Cravath, Swain & Moore.