Deal Details
Initial Public Offering
Summary
Baird served as the lead book-running manager on this offering.
About
Landmark Infrastructure Partners LP (“Landmark Partners” or the “Partnership”) (NASDAQ: LMRK) recently completed an initial public offering of 2,750,000 common units at a price of $19.00 per unit, generating gross proceeds of approximately $52.3 million. The Partnership intends to use the net proceeds from the offering to make distributions to prior investors, repay assumed debt facilities and pay commitment fees under its new revolving credit facility.Landmark Partners is a growth-oriented master limited partnership formed by Landmark Dividend LLC, its Sponsor, to acquire, own and manage a portfolio of real property interests that are leased to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Partnership’s real property interests underlie its tenants’ infrastructure assets, which include cellular towers, rooftop wireless sites, billboards and wind turbines. Landmark Partners is headquartered in El Segundo, California.
For additional information about this transaction, please contact:
- Date
- November 2014
- Company
- Landmark Infrastructure Partners LP
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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