ADIA Completes Acquisition of 40% Stake in Landmark Dividend Alongside DigitalBridge
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Insights
The acquisition of a 40% stake in Landmark Dividend LLC by a subsidiary of the Abu Dhabi Investment Authority represents a strategic move that could potentially influence DigitalBridge Group's future revenue streams and market positioning. The investment supports the expansion of Landmark's real estate and infrastructure, which is pivotal in the digital infrastructure sector. Given the importance of digital infrastructure in the current economy, this transaction could enhance DigitalBridge's asset portfolio and attract further institutional investment.
Investors should note the potential for increased operational efficiency and market reach that may arise from this partnership. Moreover, the involvement of a significant sovereign wealth fund like ADIA signals confidence in DigitalBridge's business model and growth prospects. This could have a positive effect on investor sentiment and possibly the stock's performance in the medium to long term.
The digital infrastructure industry is rapidly evolving, with a growing demand for data centers, fiber networks and cell towers. Landmark Dividend's focus on acquiring and developing such real estate and infrastructure positions it as a key player in the market. The completion of this deal with ADIA's investment could catalyze Landmark's expansion, allowing it to capitalize on emerging trends and technologies.
From a market perspective, this could lead to increased competitiveness and market share for DigitalBridge. The expansion of Landmark's asset base is likely to enhance service offerings, which could attract new customers and partnerships, further solidifying its market position. Stakeholders should monitor the integration of this investment and its impact on the company's operational capabilities.
The entry of ADIA as a significant investor in Landmark Dividend underscores a broader economic trend of sovereign wealth funds diversifying their portfolios by increasing their stakes in digital infrastructure. This is indicative of a shift towards assets with stable long-term returns, which is characteristic of the digital infrastructure sector.
For the broader economy, investments like these can contribute to the development of critical infrastructure, leading to potential job creation and economic growth. However, stakeholders should be aware of the concentration risks associated with large-scale investments in specific sectors, especially as digital infrastructure becomes increasingly vital to global economies.
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
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
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
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
View source 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
Source: DigitalBridge Group, Inc.
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