DigitalBridge to Acquire AMP Capital’s Global Infrastructure Equity Investment Management Business
28 April 2022 - 3:04AM
Business Wire
Acquisition to Enhance DigitalBridge’s
Capabilities in Complementary Mid-Market Segment
Transaction will be Immediately Accretive to
Earnings and Increase 2022 Guidance
DigitalBridge Group, Inc. (NYSE: DBRG) today announced that an
affiliate, DigitalBridge Investments, LLC (collectively
“DigitalBridge”), has agreed to acquire AMP Capital’s global
infrastructure equity investment management business, part of its
Collimate Capital subsidiary, (The “Business”) in a transaction
valued at $328 million*, comprising upfront payments for the
management platform, fund sponsor investments, and retained
performance fees, plus potential contingent payments based on
certain future performance thresholds. AMP Capital’s international
infrastructure equity platform comprises four investment funds with
$5.5 billion* in fee-earning assets under management, including the
$3.4 billion Global Infrastructure Fund II (“GIF II”) and $1.4
billion Global Infrastructure Fund I (“GIF I”).
Strategic and financial benefits of the transaction include:
- Advances ‘Full Stack’ digital infrastructure capabilities: the
Business fits strategically alongside DigitalBridge’s flagship
value-add digital infrastructure equity franchise, positioning the
firm to capitalize on smaller, high-return mid-market investment
opportunities.
- High-caliber plug-and-play investment team: The experienced
investment team will operate as a new, distinct business unit
within the DigitalBridge investment management platform, augmenting
DigitalBridge’s industry-leading team of digital infrastructure
professionals with a shared focus on generating attractive
long-term risk-adjusted returns.
- Accretive transaction lifts guidance: Upon closing, 2022
projected run-rate fee related earnings (“FRE”) from the
DigitalBridge IM platform is expected to increase at the midpoint
by approximately 20% over prior guidance. Upon closing, the
Business is expected to be immediately accretive to DigitalBridge’s
after-tax income per share of Class A common stock.
“This transaction represents a unique opportunity to extend our
leadership in digital investment management,” said Marc Ganzi,
Chief Executive Officer of DigitalBridge. “In addition to
accelerating and scaling the growth of our platform, we are
empowering a team of high-caliber investment professionals who
share our commitment to delivering strong long-term returns for
investors and have significant experience investing in the
value-added mid-market infrastructure segment directly adjacent to
our flagship equity business. The Business will deliver immediate
financial benefits and growth potential, as we aim to enhance our
ability to meet and exceed our near- and medium-term business
goals.”
A supplemental investor presentation outlining key deal and
financial terms of the transaction is available on the Shareholders
section of the DigitalBridge website and will be furnished as an
exhibit to a Current Report on Form 8-K with the U.S. Securities
and Exchange Commission. The transaction is expected to close
before the end of the year, subject to customary regulatory
approvals.
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global digital
infrastructure firm. With a heritage of over 25 years investing in
and operating businesses across the digital ecosystem including
cell towers, data centers, fiber, small cells, and edge
infrastructure, the DigitalBridge team manages a $45 billion
portfolio of digital infrastructure assets on behalf of its limited
partners and shareholders. Headquartered in Boca Raton,
DigitalBridge has key offices in New York, Los Angeles, London, and
Singapore. For more information, visit: www.digitalbridge.com
Cautionary Statement regarding Forward-Looking
Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Factors that might cause such a
difference include, without limitation, whether the Company’s
acquisition of the Business will be completed within the time frame
and on the terms anticipated or at all, whether the Company will
realize any of the anticipated benefits from the transaction,
whether the acquired funds will realize returns and the Business
will continue to grow at the rate anticipated, and other risks and
uncertainties, including those detailed in DigitalBridge’s Annual
Report on Form 10-K for the year ended December 31, 2021, and its
other reports filed from time to time with the U.S. Securities and
Exchange Commission (“SEC”). All forward-looking statements reflect
DigitalBridge’s good faith beliefs, assumptions and expectations,
but they are not guarantees of future performance. DigitalBridge
cautions investors not to unduly rely on any forward-looking
statements. The forward-looking statements speak only as of the
date of this press release. DigitalBridge is under no duty to
update any of these forward-looking statements after the date of
this press release, nor to conform prior statements to actual
results or revised expectations, and DigitalBridge does not intend
to do so.
* Assumes FX Rate AUD/USD 0.7162
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220426005796/en/
Private Investors: Kevin Smithen Chief Commercial and
Strategy Officer kevin.smithen@digitalbridge.com (646) 883-2846
Public Investors: Severin White Managing Director, Head
of Public Investor Relations (212) 547-2777
severin.white@digitalbridge.com
Media: Jon Keehner / Aura Reinhard Joele Frank, Wilkinson
Brimmer Katcher (212) 355-4449 DBRG-jf@joelefrank.com
DigitalBridge (NYSE:DBRG)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
DigitalBridge (NYSE:DBRG)
Historical Stock Chart
Von Apr 2023 bis Apr 2024