Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

DIGITALBRIDGE GROUP, INC.

(DBRG)
  Report
Delayed Nyse  -  04:00 2022-09-30 pm EDT
12.51 USD   -.--%
09/30Global funds find promise in Southeast Asia infrastructure deals
RE
09/21Trump ally Barrack's trial on foreign agent charges moves to opening statements
RE
09/20Transcript : DigitalBridge Group, Inc. Presents at Deutsche Bank's 30th Annual Leveraged Finance Conference, Sep-20-2022 10:40 AM
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DigitalBridge Group, Inc. completed it's acquisition of Telenet Newco NV from Telenet Group Holding NV.

06/01/2022 EDT

DigitalBridge Group, Inc. (NYSE:DBRG) has entered into a binding agreement to acquire Telenet Newco NV from Telenet Group Holding NV (ENXTBR:TNET) for €745 million on March 25, 2022. As per the terms of the transaction this acquisition was an all-cash transaction valued at €745 million on a cash-free and debt-free basis. The transaction is being funded via a combination of debt and equity financing, including a commitment from the DigitalBridge balance sheet of €458 million. The transaction values Telenet's tower business at 25.1x EV/EBITDA. As of March 31,2021.Telenet Newco NV generated revenue of €61.2 million, Adjusted EBITDA of €55.1 million. The transaction is subject to completion of the Reorganization. The acquisition was funded through $326.1 million of debt, $278.1 million of equity from the Company, and $213.8 million in third party equity. The transaction is expected to close in the second quarter of 2022. Telenet intends to initially retain the net proceeds from the transaction. Allen & Overy LLP acted as legal advisor to Telenet Group Holding NV. Goldman Sachs International acted as Financial advisor to Telenet Group Holding NV. Deloitte acted as due diligence advisor (financial and tax) and PMP acted as commercial advisor to Telenet Group Holding NV. Ravi Purohit, Conrad Andersen, Fiona Maclean and Drew Levin of Latham & Watkins LLP and Stibbe B.V. Cvba acted as legal advisor to DigitalBridge Investments, LLC. PricewaterhouseCoopers Belgium acted as due diligence provider (tax and financial) and EY Parthenon acted as commercial advisor to DigitalBridge Investments, LLC.

DigitalBridge Group, Inc. (NYSE:DBRG) Completed it's acquisition of Telenet Newco NV from Telenet Group Holding NV (ENXTBR:TNET) on June 01, 2022. A third-party investor contributed approximately €193 million, which was used to partially fund the purchase price.


© S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
DIGITALBRIDGE GROUP, INC. 0.00% 12.51 Delayed Quote.0.00%
TELENET GROUP HOLDING NV 1.29% 14.11 Real-time Quote.-55.99%
All news about DIGITALBRIDGE GROUP, INC.
09/30Global funds find promise in Southeast Asia infrastructure deals
RE
09/21Trump ally Barrack's trial on foreign agent charges moves to opening stateme..
RE
09/20Transcript : DigitalBridge Group, Inc. Presents at Deutsche Bank's 30th Annua..
CI
09/20Three UK partners with Freshwave on the operator's first JOTS Neutral Host In-Building ..
AQ
09/19Trump may be called to testify at ally's foreign agent trial, judge says
RE
09/19B. Riley Lowers DigitalBridge Group's PT to $37 from $40, Lowers Assigned Multiples for..
MT
09/19Trump ally's trial on foreign agent charges to start with jury selection
RE
09/16European Commission Clears Deutsche Telekom-led Partnership's Purchase Of DFMG
MT
09/14DigitalBridge Reinstates Quarterly Cash Dividend; $0.01 a Share Payable Oct. 17 to Hold..
MT
09/14DigitalBridge Reinstates Quarterly Dividend
BU
More news
Analyst Recommendations on DIGITALBRIDGE GROUP, INC.
More recommendations
Financials (USD)
Sales 2022 1 148 M - -
Net income 2022 -367 M - -
Net Debt 2022 5 218 M - -
P/E ratio 2022 -6,04x
Yield 2022 0,35%
Capitalization 2 052 M 2 052 M -
EV / Sales 2022 6,34x
EV / Sales 2023 5,71x
Nbr of Employees 230
Free-Float 95,3%
Chart DIGITALBRIDGE GROUP, INC.
Duration : Period :
DigitalBridge Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DIGITALBRIDGE GROUP, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 12,51 $
Average target price 33,00 $
Spread / Average Target 164%
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
Sector and Competitors
1st jan.Capi. (M$)
DIGITALBRIDGE GROUP, INC.0.00%2 052
GECINA-34.54%5 817
MIRVAC GROUP-33.16%4 944
THE GPT GROUP-29.34%4 727
ICADE-39.46%2 834
ESSENTIAL PROPERTIES REALTY TRUST, INC.-32.54%2 747