Senior Housing News (SHN) is the leading source for news and information covering the senior housing industry. Under the new ownership, the Zayo team would continue to execute the Companys strategy and remain headquartered in Boulder, Colorado. 18,256,738 of the OP Units (inclusive of the OP Units received by Mr. Ganzi as a DBH Member) are subject to certain lock-up restrictions, which, subject to certain exceptions, expire in three substantially equal installments over the three years following the Effective Date. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. New ceo gets options with a strike price of $10. Colony and Digital Bridge were already in a joint venture, Digital Colony Management, a manager that invests in global digital infrastructure. Discover our hotels around the world Discover our portfolio. How do you perceive the use of artificial intelligence in institutional investing? CLNY recently closed a $4 billion investment fund, apparently partly with Saudi PIF money, so the firm has ample firepower for investing in and adding digital infrastructure assets to its growing portfolio. Colony Capital has acquired Digital Bridge for $325 million in total consideration. I really hope they drop Colony from the corporate name instead of changing the name to Digital Colony, Inc. or something like that. New York City-based Aurora Health Network was co-founded by managing directors Joel Landau chairman and founder of nursing home operator The Allure Group and fellow health care operator Leo Friedman, CEO of Citadel Care Centers, according to its website. For more information, visit zayo.com. Indeed, this acquisition price represents a 23% premium to Boingo Wireless' closing price of $11.40 on February 26, 2021. Data-driven decisions, shared space utilization, everything-as-a-service, new communications networks, and last-mile delivery systems, are examples of new technologies (that) will disintermediate everything in their paths. Receive industry updates and breaking news from SHN, New Demand Dynamics Could Alter Industrys Assisted Living Vs. And I look forward to you repeating the same comment on each press release. Colony Capital, Inc. (NYSE: CLNY) is a leading global investment firm with a heritage of identifying and capitalizing on key secular trends in real estate. Bus up to Neuschwanstein is route #11 - allow 35 minutes to the castle. All rights reserved. The next earnings report and conference call will hopefully be a game changer for the company if they do a good job outlining what is to come on the digital front and with respect to the hospitality and healthcare assets. Nine months ago when I returned to the CEO position, part of our plan was to ensure that our leadership and direction of the Company was positioned for dominance for the next decade, said Barrack. I don't think there will be any shortage of investor demand for a company with this type of strategy and scale and leadership. In addition to leading a consortium of world-class institutional investors to support the acquisition, Colony Capital invested $145 million from its balance sheet to maintain its 20% stake in DataBank. Digital Bridge To Sell Last Chunk of Hotel Portfolio - The Real Deal Digital Colony Partners is dedicated to global opportunities in digital infrastructure and is the largest first-time institutional fund of this type. While we are not supposed to be political it is of interest that Barrack may be facing some significant legal and other problems based on a story in WAPO today. makes me wonder about the timing of Barrack's stepping down from CLNY. The transaction would result in Zayo transitioning from a public company to a private company. The Digital Bridge acquisition follows the May 2019 final closing of Digital Colony Partners, a $4.05 billion fund sponsored by Colony and Digital Bridge. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the occurrence of any event, change or other circumstances that could give rise to the delay or termination of the merger agreement; the outcome or length of any legal proceedings that have been, or will be, instituted related to the merger agreement; the inability to complete the merger due to the failure to timely or at all obtain stockholder approval for the merger or the failure to satisfy other conditions to completion of the merger, including the receipt on a timely basis or at all of any required regulatory clearances related to the merger; the failure of Parent to obtain or provide on a timely basis or at all the necessary financing as set forth in the equity commitment letters delivered pursuant to the merger agreement; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the effects of local and national economic, credit and capital market conditions on the economy in general; and the other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in our other reports and other public filings with the Securities and Exchange Commission (the SEC) as described below. New strike price for the options will be $30 after your 3 to 1 R/S.. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Please. This press release may contain forward-looking statements within the meaning of the federal securities laws. CoBank ACB, Regions Bank, and Natixis, New York Branch additionally acted as Joint Lead Arrangers on the First Lien Credit Facilities. swhite@clny.com, Media: Joele Frank, Wilkinson Brimmer Katcher Julie Hamilton / Jon Keehner clny-jf@joelefrank.com(212) 355-4449, INVESTOR RELATIONSSeverin WhiteManaging Director, Head of Investor Relations212.547.2777severin.white@digitalbridge.com, PRESS & MEDIAJoele Frank, Wilkinson Brimmer Katcher Jon Keehner, Aura Reinhard212.355.4449, STOCK & TRANSFER AGENTAmerican Stock & TransferTrust Company800.937.5449www.amstock.com, DigitalBridge Group, Inc. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of the Companys executive officers and directors in the solicitation by reading the Companys Annual Report on Form 10-K for the fiscal year ended June 30, 2018, the Companys definitive proxy statement on Schedule 14A for the 2018 Annual Meeting of Stockholders and the proxy statement and other relevant materials filed with the SEC in connection with the merger if and when they become available. Entering text into the input field will update the search result below, Digital Colony closes its first fund with $4.05B. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Zayos communications infrastructure solutions include dark fiber, private data networks, wavelengths, Ethernet, dedicated Internet access, and colocation services. For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. I have known Marc Ganzi for over two decades and have admiringly watched his progression and success as an entrepreneur, visionary, and as the leading operator and investor in the digital world, Barrack said. Aurora Health Network, DigitalBridge, Frontier Management, Highgate Capital, Santerre Health Investors, Senior Lifestyle. The debt was collateralized by the wellness portfolio. Get started with a free trial! This represents a forecasted CAGR of 17% between 2016 and 2021. In August 2020, DigitalBridge previously turned over 36 senior housing properties to a lender, accounting for $157.9 million of that total. The offer price represents a 32% premium to the volume-weighted price average of the last six months of $26.44. Such statements are based on managements current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, many of which are beyond our control, and are not guarantees of future results or achievements. Colony Capital is paying for two-thirds of the acquisition with cash. More info: www.eqtpartners.com. Digital Bridge owns interest in a broad range of co Read More Contact Who is Digital Bridge Headquarters Under the terms of the agreement, which was unanimously approved by Zayos Board of Directors, shareholders will receive $35.00 in cash per share of Zayo's common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayos net debt obligations. Digital Colony is a leading global investment firm dedicated to digital infrastructure. Colony Capital Acquires Digital Bridge Holdings for $325 - Nasdaq Found a factual error? The company found a buyer for. The combination increased Colony's portfolio size to $60 billion and, combined with a new $4 billion fund, positions the firm for further asset growth. He is an exceptional choice to lead our combined companies, investors, and employees as we accelerate, streamline, and cull other Colony business lines through sale or joint ventures and continue to reduce corporate costs, he said. 750 Park of Commerce Drive This announcement comes on the heels of DataBanksstrategic investment in EdgePresence, which accelerates DataBanks edge data center strategy by adding modular facilities to augment its traditional data center portfolio. | june 3, 2023 Furthermore, as to financial guidance, the company said the following: While the transaction is first and foremost a strategic transaction and is expected to generate significant accretion in the near-term as the platform expands, the transaction valuation at closing implies neutral to modest accretion. Corporate Rebrand Reflects Significant Transformation Into a Leading Global Digital Infrastructure REIT Digital Colony, the Companys Digital Infrastructure Investment Platform, Will Also Transition to DigitalBridge Brand. Zayos 130,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. Digital Colony Acquires Beanfield Technologies Inc. - PR Newswire Last month, DigitalBridge bought a controlling stake in Vertical Bridge Holdings, the largest private owner of wireless communications infrastructure in the country with over 308,000 wholly-owned or master-leased sites, including over 8,000 towers. Colony Capital Acquires Digital Bridge for $325 Million With an open interconnect architecture and virtually unlimited geographic options, we are poised to help our customers in the U.S. migrate their workloads and adapt to the next evolution of the internet: the hyper-localization of data and compute being unleashed by 5G networks.. The firm brings together Digital Bridges industry, operational and investment expertise in the telecommunications sector with Colony Capitals 26 years of experience as a global investment manager. All such documents, when filed or furnished, are available free of charge at the SECs website at www.sec.gov or by contacting the investor relations department of the Company. DataBank Closes Acquisition of zColo's U.S. and U.K - DigitalBridge Barrack to Step Down as CEO as Colony Buys Digital Bridge The vision we crafted, bringing a digital infrastructure platform built on two decades of operating experience and deep industry relationships together with an institutional capital formation capability and global enterprise-grade operations, has reached its next phase. Boca Raton, FL 33487 Analysts Disclosure: I am/we are long CLNY. View the full release here: https://www.businesswire.com/news/home/20210608005723/en/. ", We are excited by the opportunity to team up with Zayo, in a transaction reflecting EQTs commitment to investing in market leading infrastructure companies whose innovations and services are transforming society, said Jan Vesely, Partner at EQT Partners, Investment Advisor to EQT Infrastructure. Goldman Sachs and J.P. Morgan are serving as financial advisors to Zayo Group in connection with the transaction and Skadden Arps is serving as legal counsel. Following a transition period, Marc C. Ganzi, a founder and Chief Executive Officer of Digital Bridge, and a Managing Partner and an Investment Committee Member at Digital Colony, will become the CEO of Colony, succeeding Thomas J. Barrack, Jr., who will return to the position of Executive Chairman. In connection with the transition, the corporate name will be changed to DigitalBridge Group, Inc. and the Company will begin trading under a new NYSE ticker symbol, DBRG, as of June 22, 2021. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive. You may obtain free copies of these documents as described in the preceding paragraph filed, with or furnished to the SEC. Main Office The number of OP Units issued as Equity Consideration was based on a value of $108.3 million divided by the volume weighted average trading price of the Class A common stock for the 30 trading days ending five business days prior to the Effective Date. Factors that might cause such a difference include, without limitation, whether the Company will complete the sale of its OED business within the timeframe anticipated or at all, including the Companys ability to obtain any necessary third-party approvals to consummate the transactions, whether the Company will realize any of the anticipated benefits from the sale of its OED business, the timing and pace of the Companys digital transformation, including the Companys ability to rotate the balance sheet and redeploy capital into digital infrastructure, whether the Company will realize any of the anticipated benefits of such transformation, and other risks and uncertainties, including those detailed in Colony Capital's Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and its other reports filed from time to time with the U.S. Securities and Exchange Commission. Formerly known as Colony Capital, the company rebranded as DigitalBridge in June. Boca Raton, FL 33487 Digital Bridge is expected to manage nearly $20 billion directly and through Digital Colony Partners and upon the close of Digital Colony and private equity firm EQT Partners $14.3 billion acquisition of U.S. communications infrastructure provider Zayo Group Holdings Inc. 750 Park of Commerce Drive regensburg - Search - Bing I research IPOs and technology M&A deals. The deal includes $316 million of net value to DigitalBridge consisting of $116 million in cash and a five-year, $155 million seller note. This press release is not a substitute for the proxy statement or any other document which the Company may file with the SEC. Anyone have a sense for how long it would take to line up binding offers for the industrial assets? All rights reserved. 130 E. Randolph St. Colony had what has been termed a disastrous merger with Northstar, due in part to poor investments in healthcare real estate and senior housing projects. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. I'm disappointed by the lack of acknowledgment of the tax inefficient structure. Its acquisition strategy is primarily skilled nursing, rehabilitation, sub-acute and transitional care facilities. If they do this right the sky is the limit and over time I expect the stock will trade at a substantial premium instead of a substantial discount. Receive industry updates and breaking news from SHN. 06 Jan, 2020, 09:01 ET. Colony Capital 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 Colony Capital does not intend to do so. DigitalBridge Closes $3.2B Portfolio Sale, Santerre Health Formed to The company found a buyer for a 48-hotel portfolio thatContinue reading Prior to the merger Colony had $43 billion in AUM. Through its Cloudlink service, Zayo provides low latency private connectivity that attaches enterprises to their public cloud environments. Our SEC filings are available publicly on the SECs website at www.sec.gov, on the Companys website at https://investors.zayo.com or by contacting the investor relations department of the Company. 561-570-4644. DigitalBridge (NYSE: DBRG) formerly known as Colony Capital originally announced the sale in September 2021 to an investment group composed of Highgate Capital Investments and Aurora. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including towers, data centers, fiber, and small cells, the Digital Colony team manages a $32 billion portfolio of digital infrastructure assets on behalf of its shareholders and limited partners and has over 90 investment and operating professionals. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. Combined, these two transactions put DataBank at the forefront of the edge infrastructure wave, enabling enterprises, hyperscalers, cloud, content and software customers to move their mission-critical workloads and platforms closer to end-user populations in second-, third-, and fourth-tier markets. Digital Colony, the Company's digital infrastructure investment platform, will also change to operate under the DigitalBridge brand. Digital Colony is a global investment firm dedicated to strategic opportunities in digital infrastructure. It was also announced that, Ganzi will focus with Barrack and the Colony board and executive team to continue Colonys strategic plan of selling non-core assets, reducing G&A, growing investment management, generating liquidity and de-risking, and maintaining REIT status and a dividend. Please disable your ad-blocker and refresh. Ideally we hear more details on the vision from Ganzi and see his leadership role emerge, as his digital experience and strategy appear to be very compelling. Mr. Barrack will continue to serve as executive chairman. I wrote this article myself, and it expresses my own opinions. Learn how your comment data is processed. Furthermore, the transaction increases DigitalBridges corporate liquidity to over $1.5 billion on a pro-forma basis, while simultaneously reducing consolidated investment-level debt by $2.6 billion, and subsidiary-level debt by an additional $294 million. Senior Lifestyle Corp. and Frontier Management were among the primary operators in the DigitalBridge portfolio. This press release features multimedia. The acquisition of Digital is coming just after the final closing of Digital Colony Partners, a $4.05 billion fund sponsored by Colony and Digital Bridge. Receive industry updates and breaking news from SHN, New Demand Dynamics Could Alter Industrys Assisted Living Vs. Colony Capital rebrands as DigitalBridge, sells most of its non-digital The combination of the two companies also paves the way for Colonys leadership succession plans, which will be implemented over approximately 18 to 24 months. Sign up and get the best of News delivered straight to your email inbox, free of charge. Colony Capital Inc. agreed to acquire Digital Bridge Holdings LLC, an investor in mobile and internet connectivity companies, for $325 million, paving the way for Chief Executive Officer Tom . The guys at DB are not stupid investors like Tom and the rest of the Colony clowns. Certain statements made herein, including, for example, statements regarding the benefits of the transaction, certainty of the transaction, the anticipated timing of the transaction and future results or expectations of the Company, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 (the Exchange Act) and the Private Securities Litigation Reform Act of 1995. Colony Founder Tom Barrack returned as CEO in late 2018 during a turbulent period where it reported a net loss of $70 million in the third quarter of 2018. The Company manages a $47 billion portfolio of real assets on behalf of its shareholders and limited partners, including over $23 billion in digital real estate investments through Digital Colony, its digital infrastructure platform. For more information on Colony Capital, visit www.clny.com. Receive industry updates and breaking news from SHN. Colony Capital (NYSE: CLNY) today announced the company is returning to its Digital Bridge roots with a corporate re-branding of the group to DigitalBridge, effective June 22, 2021. Im thrilled to combine our team with their powerful arsenal of operating and financial expertise, and the Colony balance sheet and fundraising channels, which will enable us to scale and stay ahead of trends in digital infrastructure.. 561-570-4644. The vehicle was launched in 2018 by Digital Bridge Holdings, LLC and Colony Capital to bring together Digital Bridge's industry, operational and investment expertise in the. EQT is a leading investment firm with more than EUR 61 billion in raised capital across 29 funds and around EUR 40 billion in assets under management. In May, Digital Colony Partners, the ventures inaugural fund, closed with $4.05 billion. . He will be replaced as CEO by Digital Bridges co-founder and CEO Marc C. Ganzi. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. DigitalBridge (NYSE: DBRG) formerly known as Colony Capital originally announced the sale in September 2021 to an investment group composed of Highgate Capital Investments and Aurora Health Network. INVESTORS IN AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR FURNISHED OR WILL BE FILED OR WILL BE FURNISHED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED MERGER BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER, RELATED MATTERS AND THE PARTIES TO THE MERGER. The announcement continues an eventful couple years for DigitalBridge, which first announced its intention to sell the portfolio in March 2021. They paid a lot to acquire Digital Bridge. Zayo Announces Definitive Agreement to be Acquired by Digital Colony An EM-phatic Advantage for Quantitative Investors? 750 Park of Commerce Drive We believe the company has a unique opportunity to meet the growing demand for data associated with the connectivity and backhaul requirements of a range of customers. Copyright 2023 DigitalBridge Group, Inc. We use cookies to improve your experience on our website. The global infrastructure REIT, formerly known as Colony Capital, announced its sale to an investment group composed of two real estate investment firms, Highgate Capital Investments and Aurora Health Network. I have a small long position in CLNY. Colony Capital (CLNY) acquires Digital Bridge Holdings for $325M and brings on Marc C. Ganzi, who will succeed Thomas J. Barrack Jr. as Colony's CEO. Sounds like it. That is speculation, but it does seem like something has been in the works there for a while now, and eliminating the dividend for the non-traded healthcare fund some months ago certainly puts CLNY in position to receive support for a liquidity event from those investors. The companys global headquarters are in New York City, with offices in Dallas, London, Miami, Seattle and Waikiki. Colony Capital has acquired investment firm Digital Bridge for $325 million, resulting in a merged firm with $60 billion in total assets under management, according to a Colony. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. Morgan Stanley and Deutsche Bank are acting as financial advisors to Digital Colony and EQT Infrastructure, and Simpson Thacher is serving as legal advisor. We are poised to build, operate, and finance a new era in connectivity, leveraging a single platform focused on the full spectrum of digital infrastructure including towers, data centers, fiber, and small cells., Mr. Ganzi added, Today marks a new chapter in our history as we emerge from this transformation as a fast-growing global digital infrastructure REIT. Neuschwanstein and Marien Brcke (Mary's Bridge) - Tripadvisor Suite 210 Seeking Alpha's Disclosure: Past performance is no guarantee of future results. By browsing this website, you agree to our use of cookies. Solidifies DataBank as a Leading Edge Data Center Provider with over 1 Million Sq. Since Marc founded Global Tower Partners in 2002, he has been at the forefront of trends in the digital world, capitalizing on the overwhelming integration of mobile connectivity into the global economy and delivering remarkable returns for his investors in the process. Colony Capital Acquires Digital Bridge Holdings for US$ 325 I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Ganzireceives a sign-on award of 10M OP Units under the CLNY incentive plan, which vest if CLNY shares close at $10 or higher for 90 consecutive trading days during the five-year period following the transaction, generally contingent on continued employment. The new name, DigitalBridge, re-establishes and renews the original Digital Bridge, which combined with the Company in 2019, evoking its heritage as an early innovator in digital infrastructure, while looking forward to a fully digital, interconnected future. Suite 210 685 Third Avenue The companys senior living operating partners include Senior Lifestyle Corp. and Frontier Management, while Millers, Wellington Healthcare, Citadel Care Centers and Consulate are among its primary skilled nursing operators. Digital Bridge manages digital infrastructure assets for its own account as well as in partnership with Colony. Digital Colony, the Companys digital infrastructure investment platform, will also change to operate under the DigitalBridge brand. Colony Capital, structured as a REIT, is headquartered in Boca Raton with key offices in Los Angeles, New York, London and Singapore. Colony Capital cautions investors not to unduly rely on any forward-looking statements. Company partners or major customers include: According to the Cisco VNI Global IP Traffic Forecast, global wireless growth was valued at 96 exabytes per month and is projected to reach 278 exabytes monthly by 2021. Copyright 2023 DigitalBridge Group, Inc. We use cookies to improve your experience on our website. The transaction valued the portfolio at $3.2 billion, according to a press release issued Monday. The same should happen with liquidation proceeds from the company's $1.2 billion of non-core "other equity and debt" portfolio (including the pending NRE monetization), and with some luck the healthcare and/or hospitality assets. Colony Capital, Marc Ganzi and Digital Infrastructure Good points but since this company is as opaque as the medical industry, I doubt that the clouds will separate and we will see the sunshine anytime soon. I bought more on the news and I'm really surprised this hasn't traded up more than it has, especially given the news about the industrial assets being on the block. Colony Capital Acquires $1.16 Billion National Industrial Real Estate We look forward to working closely with Zayos global team, whose entrepreneurship, collaboration and customer partnerships are best in class., Following a comprehensive review of strategic alternatives, the Zayo Board of Directors concluded that the sale of Zayo to Digital Colony and EQT Infrastructure is in the best interest of Zayo and all its stakeholders, said Yancey Spruill, Zayos Lead Independent Director.
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