Enables DigitalBridge to Capitalize on
Mid-Market Opportunities
Acquired Business Rebranded as InfraBridge
Damian Stanley Named Managing Partner; Bernardo
Vargas Gibsone Appointed Non-Executive Chair
DigitalBridge Group, Inc. (NYSE: DBRG) today announced that its
operating company, DigitalBridge Operating Company, LLC, through
certain of its subsidiaries (collectively “DigitalBridge”) has
completed its transaction to acquire AMP Capital’s global
infrastructure equity investment management business, which has
been rebranded as InfraBridge in a transaction valued at $316
million, plus potential contingent payments based on certain future
performance thresholds.*
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InfraBridge, comprises four investment funds with $5.6 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”). InfraBridge will operate as a new,
autonomous business unit within the DigitalBridge investment
management platform, with its operations and strategy supported by
DigitalBridge’s industry-leading team of digital infrastructure
professionals.
Damian Stanley, previously Global Co-Head, Value-Added
Infrastructure Equity at AMP Capital, will serve as Managing
Partner of InfraBridge. Mr. Stanley has been an instrumental and
respected leader since joining AMP Capital in 2015 and has led
numerous key transactions across the GIF platform. In addition,
Bernardo Vargas Gibsone, who joined DigitalBridge’s leadership team
in September 2022 after serving as CEO of ISA Group, has been
appointed Non-Executive Chair of InfraBridge.
“We are pleased to welcome to DigitalBridge an experienced,
high-caliber investment team that shares our focus on generating
attractive, long-term, risk-adjusted returns for our investors,”
said Marc Ganzi, Chief Executive Officer of DigitalBridge.
“InfraBridge complements our “full-stack” investment platform,
positioning DigitalBridge to capitalize on high-return mid-market
investment opportunities. Further, the acquisition immediately
contributes significant earnings and further advances
DigitalBridge’s strategic roadmap towards an asset-light,
high-growth asset manager serving secular growth markets.”
“We are excited to be joining DigitalBridge, a respected leader
in the global infrastructure space, to continue expanding our
infrastructure mandate throughout the mid-market.” said Mr.
Stanley. “We share DigitalBridge’s vision to deliver long-term
stable returns by allocating capital and building value at the
portfolio company level and look forward to benefiting from a group
with vast institutional knowledge to help accelerate our
growth.”
“I’m looking forward to working with this extremely talented
team, led by Damian, to maximize the value of InfraBridge’s
high-quality portfolio of existing investments and further refine
its investment strategy, as well as continuing to expand
DigitalBridge’s capital base,” said Mr. Vargas Gibsone.
The transaction consideration of $316 million is comprised of
$141 million upfront cash payment for the investment management
platform, $127 million for the assumption of previously funded
sponsor investments, and $48 million for rights to embedded carried
interest in GIF I and GIF II, subject to post-closing
adjustments.
Additional information regarding the transaction is contained in
the Current Report on Form 8-K filed by DigitalBridge with the U.S.
Securities and Exchange Commission on December 22, 2022.
About Damian Stanley
Mr. Stanley has over 25 years of professional experience across
equity investment, asset management and financial advisory. He has
extensive experience in infrastructure and real assets, including
across transport/logistics, digital infrastructure, energy and
social sectors. Mr. Stanley joined AMP Capital in 2015 and has held
leadership positions, including Senior Manager of AMP Capital
Investors (UK) Limited, Global Co-Head Value-Added Infrastructure
Equity and Head of Infrastructure Equity Asia & CEO Singapore
Office, among others. Prior to AMP Capital, he held positions at
Whitehelm Capital, Morgan Stanley, Macquarie Infrastructure, PWC
and Commerzbank. Mr. Stanley holds a BS in Mathematics from the
University of Bristol, United Kingdom.
About Bernardo Vargas Gibsone
Mr. Vargas has more than three decades of experience in
investment banking, real estate and infrastructure investing. He
most recently served as Chief Executive Officer of Interconexion
Electrica S.A. E.S.P. (ISA Group), a publicly traded, diversified
infrastructure operator with interests in energy transmission, road
concessions, and digital infrastructure, from 2015 to 2022. Prior
to ISA, Mr. Vargas spent 14 years as founding partner of Nogal
Asesorias Financieras, an investment banking advisory boutique in
Colombia specializing in local and cross-border M&A. Earlier in
his career, he served as President and CEO of the merged operations
of Barings and ING Colombia. Mr. Vargas holds an MBA from Columbia
University and a BA and MS in Economics from Universidad de Los
Andes, in Bogotá, Colombia.
About InfraBridge
InfraBridge is a leading infrastructure investment manager
dedicated to investing in mid-market businesses in transportation
and logistics, digital infrastructure and energy transition, among
other key sectors. The firm’s investment strategy applies private
equity rigor with an active approach to asset management in order
to maximize value and drive returns on behalf of investors.
Formerly AMP Capital’s international infrastructure equity
business, InfraBridge is now a division of DigitalBridge Group,
Inc. (NYSE: DBRG), a leading global digital infrastructure firm
managing a $50 billion portfolio of digital infrastructure assets
on behalf of its investors. InfraBridge is headquartered in London,
United Kingdom.
For more information visit: www.infrabridge.com.
About DigitalBridge Group, Inc.
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 $50 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, whether DigitalBridge will realize any of the
anticipated benefits from the transaction, whether the acquired
funds will realize returns and the acquired 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, Quarterly Reports on
Form 10-Q for the quarters ended March 31, 2022, June 30, 2022, and
September 30, 2022, and its other reports filed from time to time
with the U.S. Securities and Exchange Commission. 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 0.7133, as of February 1, 2023
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version on businesswire.com: https://www.businesswire.com/news/home/20230202005561/en/
Investors: Severin White Managing Director, Head of
Public Investor Relations (212) 547-2777
severin.white@digitalbridge.com
Media: Joele Frank, Wilkinson Brimmer Katcher Jon Keehner
/ Aura Reinhard (212) 355-4449 dbrg-jf@joelefrank.com
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