John Hancock to Acquire Interest in Phoenix Tower International

Paul, Weiss represented John Hancock Life Insurance Company (U.S.A.) in its acquisition of a 35 percent equity stake in Phoenix Tower International from funds managed by Blackstone Tactical Opportunities. John Hancock is a Massachusetts-based financial services group and a division of Manulife Financial Corporation. Phoenix Tower is a wireless tower operator with operations across the U.S., Colombia, Costa Rica, the Dominican Republic, El Salvador, the French West Indies, Panama and Peru.

The Paul, Weiss team included, among others, corporate partner Bruce Gutenplan and counsel Andrea Quek; tax partner Scott Sontag; real estate partner Mitchell Berg; litigation counsel Peter Jaffe; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.