DigitalBridge Group, Inc. completed the acquisition of International Infrastructure Equity business of Collimate Capital.
February 01, 2023
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DigitalBridge Group, Inc. (NYSE:DBRG) agreed to acquire International Infrastructure Equity business of Collimate Capital for AUD 700 million on April 28, 2022. The consideration includes an upfront payment of AUD 462 million, an estimated AUD 57 million of retained future carry and performance fees, and an additional amount of up to AUD 180 million contingent on future fund raisings. The transaction is subject to regulatory approvals, applicable client and third-party consents, no material adverse effect occurring prior to completion and retention of key employees. As of November 15, 2022, significant progress has been made on the deal. The regulatory approval processes associated with both sales are ongoing. The transaction is expected to close by fourth quarter of 2022.
The AMP Limited Board intends to return the majority of net cash proceeds from the recent transactions to shareholders. The capital return will be subject to requisite regulatory and shareholder approvals. AMP will also use some of the proceeds to pay down corporate debt. Broadhaven Capital Partners, LLC acted as financial advisor to Collimate Capital Limited. Eric Diamond, Matthew M. Friestedt, Davis Wang, Alison S. Ressler of Sullivan & Cromwell LLP acted as legal advisor to DigitalBridge Group, Inc. Goldman Sachs Australia Pty Ltd acted as financial advisor to Collimate Capital Limited. Credit Suisse acted as financial advisor to AMP Limited.
DigitalBridge Group, Inc. (NYSE:DBRG) completed the acquisition of International Infrastructure Equity business of Collimate Capital on February 2, 2023.
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.
DIGITALBRIDGE GROUP, INC. 
