Aurora Health Network and Highgate Hotels, L.P. reached an agreement to acquire Wellness Infrastructure business of DigitalBridge Group, Inc. in a transaction valued at $3.2 billion.
September 07, 2021
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Aurora Health Network and Highgate Hotels, L.P. reached an agreement to acquire Wellness Infrastructure business of DigitalBridge Group, Inc. in a transaction valued at $3.2 billion on September 8, 2021. The total consideration includes $316 million of net value to DigitalBridge (comprised of $226 million in cash and a $90 million 5-year seller note) and the assumption of $2.6 billion in consolidated investment-level debt and $294 million of subsidiary-level debt. The transaction is subject to closing conditions and third-party approvals and is expected to be completed in early 2022. Barclays served as financial advisor to DigitalBridge in connection with the transaction and Willkie Farr & Gallagher LLP served as legal counsel. Deutsche Bank Securities Inc. served as financial advisor to Highgate and Aurora and Latham & Watkins LLP served as legal counsel.
DigitalBridge Group, Inc. is a global digital infrastructure investment manager, deploying and managing capital across the digital ecosystem, including data centers, cell towers, fiber networks, small cells, and edge infrastructure. It operates through Investment Management segment. The Investment Management segment represents its global investment management platform, deploying and managing capital on behalf of a diverse base of global institutional investors. Its investment management platform is composed of number of long durations, private investment funds designed to provide institutional investors access to investments across different segments of the digital infrastructure ecosystem. In addition to its flagship value-add digital infrastructure equity offerings, its investment offerings also include core equity, credit, and liquid securities. Its investment management platform is anchored by its value-add funds within the DigitalBridge Partners infrastructure equity offerings.
Aurora Health Network and Highgate Hotels, L.P. reached an agreement to acquire Wellness Infrastructure business of DigitalBridge Group, Inc. in a transaction valued at $3.2 billion.
DIGITALBRIDGE GROUP, INC. 
