EQT has begun marketing a minority stake in Radius Global Infrastructure’s Italian unit, in a process that could value the digital infrastructure platform at over €1bn.

The Stockholm-listed private equity firm has appointed UBS to advise on the transaction, which is already drawing interest from global infrastructure investors. Non-binding bids are expected by the end of July, according to people familiar with the matter.

Radius’ Italian arm leases critical digital infrastructure sites to mobile operators, tower firms, and other tenants, benefiting from predictable, long-term lease structures. Most of its 9,200 lease streams are structured as triple-net ground leases, with tenants covering all operating expenses.

EQT acquired Radius in 2023 via its Active Core Infrastructure fund, in a $3bn take-private transaction alongside Canadian pension investor PSP Investments. The deal marked EQT’s first through that fund and solidified its position in the digital infrastructure space.

While the exact stake size for sale has not been disclosed, sources say EQT may retain long-term ownership depending on market feedback.

Founded in 2010, Radius operates approximately 7,000 sites across 21 countries, including France, Spain, the UK, and Australia. The business appointed Benjamin Lowe as CFO in 2023, signalling a push to strengthen operational leadership.

The prospective stake sale underscores EQT’s strategy to recycle capital while retaining exposure to high-growth infrastructure platforms in Europe.

Source: Bloomberg

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