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Announced

DigitalBridge to acquire a 31.5% stake in the investment management subsidiary of DigitalBridge from Wafra for $925m.

Financials

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Transaction Value£710m
Consideration TypeOrdinary Shares, Contingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For32%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Asset Managers and Custodians

United States

Pending

Single Bidder

Private Equity

Minority

Domestic

Friendly

Private

Acquisition

investment management

Synopsis

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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.

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