ADIA Completes Acquisition of 40% Stake in Landmark Dividend Alongside DigitalBridge
April 02 2024 - 9:00AM
Business Wire
DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), a
leading global alternative asset manager dedicated to investing in
digital infrastructure, today announced that a wholly owned
subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has
completed the acquisition of a 40% stake in DigitalBridge portfolio
company Landmark Dividend LLC (“Landmark”).
The investment, previously announced on November 1, 2023, was
completed alongside DigitalBridge-sponsored vehicles to support the
continued expansion of Landmark’s real estate and infrastructure
growth platform.
Tim Brazy, Chief Executive Officer at Landmark Dividend, said,
“We are pleased to complete this important transaction. Our
partnership with DigitalBridge and ADIA allows us to expand our
portfolio in strategic locations and better serve our customers by
providing them with access to a broader range of high-quality
assets.”
"Landmark's position as a leader in acquiring and developing
real estate and infrastructure, coupled with its reputation, has
enabled the company to pioneer innovative solutions and drive
industry standards. We are pleased to support Landmark’s continued
growth,” said Khadem AlRemeithi, Executive Director of the
Infrastructure Department at ADIA. “This acquisition further
underscores ADIA’s ambition to bolster our investments in digital
infrastructure in the United States."
Steven Sonnenstein, Senior Managing Director at DigitalBridge
and Chairman of the Board at Landmark, said, "We are thrilled to
welcome ADIA as a strategic partner. Together, we are
well-positioned to capitalize on the exciting opportunities
ahead."
TAP Advisors served as financial advisor to DigitalBridge, and
Simpson Thacher & Bartlett LLP served as legal advisor to
DigitalBridge. Gibson Dunn & Crutcher LLP served as legal
advisor to ADIA.
About ADIA
Established in 1976, the Abu Dhabi Investment Authority (“ADIA”)
is a globally diversified investment institution that prudently
invests funds on behalf of the Government of Abu Dhabi through a
strategy focused on long-term value creation.
For more information: https://www.adia.ae
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global alternative asset
manager dedicated to investing in digital infrastructure. With a
heritage of over 25 years investing in and operating businesses
across the digital ecosystem, including cell towers, data centers,
fiber, small cells, and edge infrastructure, the DigitalBridge team
manages over $80 billion of infrastructure assets on behalf of its
limited partners and shareholders. Headquartered in Boca Raton,
Florida, DigitalBridge has key offices in New York, Los Angeles,
London, Luxembourg, and Singapore.
For more information, visit: www.digitalbridge.com
About Landmark Dividend LLC
Landmark Dividend LLC is a real estate and infrastructure
acquisition and development company focusing on the digital
infrastructure, wireless communication, outdoor advertising and
renewable power generation industries. Landmark Dividend currently
manages over 5,000 assets.
For more information, visit: www.landmarkdividend.com
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Factors that might cause such a
difference include changes to the level of demand for digital
infrastructure, the Company’s ability to continue to scale its
platform and other risks and uncertainties, including those
detailed in DigitalBridge’s Annual Report on Form 10-K for the year
ended December 31, 2023, and its other reports filed from time to
time with the U.S. Securities and Exchange Commission. All
forward-looking statements reflect DigitalBridge’s good faith
beliefs, assumptions and expectations, but they are not guarantees
of future performance. DigitalBridge cautions investors not to
unduly rely on any forward-looking statements. The forward-looking
statements speak only as of the date of this press release.
DigitalBridge is under no duty to update any of these
forward-looking statements after the date of this press release,
nor to conform prior statements to actual results or revised
expectations, and DigitalBridge does not intend to do so.
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version on businesswire.com: https://www.businesswire.com/news/home/20240402506866/en/
Investors: Severin White Managing Director (212) 547-2777
severin.white@digitalbridge.com
Media: Joele Frank, Wilkinson Brimmer Katcher Jon
Keehner / Sarah Salky (212) 355-4449
dbrg-jf@joelefrank.com
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