DigitalBridge, a holding company, agreed to acquire a 31.5% stake in the investment management subsidiary of DigitalBridge from Wafra, a privately owned investment company, for $925m. “This accretive transaction will drive an immediate and substantial increase in earnings to DigitalBridge shareholders, raising their exposure to our high-growth, high-return investment management platform just as we are poised to continue scaling our full-stack strategy. It also further demonstrates our commitment to deploying balance sheet capital to its 'highest and best’ use, which in this case is more of our own fast-growing digital investment management platform," Marc Ganzi, DigitalBridge CEO.