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Announced

Completed

Highgate Capital and Aurora Health Network completed the acquisition of the wellness infrastructure business of DigitalBridge for $3.2bn.

Financials

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Transaction Value£2,309m
Consideration TypeLoan Notes, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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real estate services

United States

Private

Majority

Friendly

Domestic

Acquisition

Real Estate Services

Private Equity

Completed

Synopsis

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Highgate Capital, a real estate investment and hospitality management company, and Aurora Health Network, a healthcare-focused investment firm, completed the acquisition of the wellness infrastructure business of DigitalBridge, a global digital infrastructure REIT, for $3.2bn. "We are pleased to close this complex transaction on our original timetable thanks to the hard work of Rich Welch and his team, who led this division through an unprecedented pandemic. This transaction marks the completion of our ‘diversified to digital’ transformation and further strengthens our corporate capitalization as we focus on continuing to build our industry-leading digital infrastructure platform," Jacky Wu, DigitalBridge CFO.

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