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DIGITALBRIDGE GROUP, INC.

(DBRG)
  Report
Delayed Nyse  -  04:00:01 2023-02-07 pm EST
14.96 USD   +0.67%
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DigitalBridge Group, Inc. (NYSE:DBRG) agreed to acquire AIMS Data Centre Sdn Bhd from TIME dotCom Berhad (KLSE:TIMECOM).

11/22/2022 EST

DigitalBridge Group, Inc. (NYSE:DBRG) agreed to acquire AIMS Data Centre Sdn Bhd from TIME dotCom Berhad (KLSE:TIMECOM) for MYR 2 billion on August 31, 2022. As part of the strategic partnership, the overall AIMS business is being valued at an enterprise value of RM3.2 billion. TIME dotCom Berhad will sell 49 per cent of the ordinary shares and 100 per cent of the irredeemable convertible preference shares in AIMS Data Centre Holding, and 21 per cent of the ordinary shares in AIMS Data Centre (Thailand).

As per the TIME dotCom Berhad's circular to the shareholders filed on January 16, 2023, the transaction will be discussed in the forthcoming EGM of Time on on February 15, 2023 and will be open for voting. The transaction is conditional on the approval of the shareholders of Time at their forthcoming EGM. The transaction is expected to close by the end of Q2 2023, subject to certain conditions precedent being satisfied.

Credit Suisse Group AG (SWX:CSGN) acted as financial advisor to TIME dotCom Berhad in the transaction. Ernst & Young Consulting Sdn. Bhd.

acted as due diligence provider to TIME dotCom Berhad.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
DIGITALBRIDGE GROUP, INC. 0.67% 14.96 Delayed Quote.36.75%
TIME DOTCOM -0.76% 5.22 End-of-day quote.6.53%
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Analyst Recommendations on DIGITALBRIDGE GROUP, INC.
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Financials (USD)
Sales 2022 1 138 M - -
Net income 2022 -430 M - -
Net Debt 2022 4 902 M - -
P/E ratio 2022 -7,30x
Yield 2022 0,11%
Capitalization 2 392 M 2 392 M -
EV / Sales 2022 6,41x
EV / Sales 2023 5,84x
Nbr of Employees 240
Free-Float 95,5%
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Mean consensus BUY
Number of Analysts 8
Last Close Price 14,96 $
Average target price 25,19 $
Spread / Average Target 68,4%
EPS Revisions
Managers and Directors
Marc C. Ganzi Chief Executive Officer & Director
Benjamin J. Jenkins President & Chief Investment Officer
Jacky Wu Chief Financial Officer & Executive Vice President
Nancy Ann Curtin Non-Executive Chairman
Mark D. Serwinowski Chief Information Officer & Managing Director
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