We advised Meritage Group on the transaction

Davis Polk advised affiliates of Meritage Group LP on the sale to affiliates of Munich Re AG of an interest in TowerPoint Infrastructure Partners LLC, a company that owns a portfolio of wireless infrastructure assets throughout the United States and which is managed by TowerPoint Capital.

Meritage Group is an investment adviser registered with the U.S. Securities and Exchange Commission with assets under management in excess of $9 billion. Meritage Group currently manages both multi-manager and direct investment strategies, the latter of which include public equity, credit, private equity and real estate investing.

TowerPoint Capital is a telecommunications infrastructure and real estate investment company operating throughout North America and is the telecommunications industry’s longest standing cell tower lease acquisition company.

Munich Re AG is a global reinsurance company with total assets of €360 billion and investments across all major asset classes, including interest-bearing securities, equities and real estate, as well as investments in renewable energies and infrastructure.

The Davis Polk real estate and corporate teams included partners Brian D. Hirsch and Harold Birnbaum and associates Edward Peck, Samuel Liebmann and Jonathan Bi. Counsel Liang Zhang and associate Fred (Chen) Fu provided tax advice. Partner Paul D. Marquardt and associate Daria Adjowa Serwaa Nonnemaker provided CFIUS advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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