DigitalBridge Announces Participation in DataBank Financing
DigitalBridge (NYSE: DBRG) has announced its participation in a $600M secondary share sale by its portfolio company DataBank, stemming from an oversubscribed $2B equity round announced in October 2024. DigitalBridge will receive $59M in gross cash proceeds from the transaction, expected to close in February 2025.
The transaction represents a 24% increase from the prior recapitalization and values DigitalBridge's stake at a 2.2x multiple on invested capital since December 2019. Following the transaction, DigitalBridge's ownership in DataBank will adjust to 7.8%, with an implied valuation of $486M for the remaining stake.
DataBank, the largest edge data center operator in the U.S., operates over 65 data centers and 20 interconnection hubs across 27+ markets, providing infrastructure solutions for enterprises and technology providers.
DigitalBridge (NYSE: DBRG) ha annunciato la sua partecipazione a una vendita secondaria di azioni da 600 milioni di dollari da parte della sua azienda in portafoglio DataBank, derivante da un round di equity da 2 miliardi di dollari, già sovrascritto, annunciato nell'ottobre 2024. DigitalBridge riceverà 59 milioni di dollari in proventi lordi dalla transazione, che si prevede si concluderà a febbraio 2025.
La transazione rappresenta un incremento del 24% rispetto alla precedente ricapitalizzazione e valorizza la partecipazione di DigitalBridge a un multiplo di 2.2 volte il capitale investito dal dicembre 2019. A seguito della transazione, la quota di proprietà di DigitalBridge in DataBank si adeguerà al 7.8%, con una valutazione implicita di 486 milioni di dollari per la quota rimanente.
DataBank, il più grande operatore di edge data center negli Stati Uniti, gestisce oltre 65 data center e 20 hub di interconnessione in più di 27 mercati, fornendo soluzioni infrastrutturali per imprese e fornitori di tecnologia.
DigitalBridge (NYSE: DBRG) ha anunciado su participación en una venta secundaria de acciones de 600 millones de dólares por parte de su empresa en cartera DataBank, que proviene de una ronda de capital de 2 mil millones de dólares anunciada en octubre de 2024 y que fue sobre suscrita. DigitalBridge recibirá 59 millones de dólares en ingresos brutos de la transacción, que se espera que se cierre en febrero de 2025.
La transacción representa un aumento del 24% con respecto a la recapitalización anterior y valora la participación de DigitalBridge en un múltiplo de 2.2 veces el capital invertido desde diciembre de 2019. Tras la transacción, la propiedad de DigitalBridge en DataBank se ajustará al 7.8%, con una valoración implícita de 486 millones de dólares para la participación restante.
DataBank, el mayor operador de centros de datos edge en EE. UU., opera más de 65 centros de datos y 20 hubs de interconexión en más de 27 mercados, proporcionando soluciones de infraestructura para empresas y proveedores de tecnología.
디지털브릿지 (NYSE: DBRG)는 2024년 10월에 발표된 20억 달러의 자본 조달에서 초과 구독된 결과로, 포트폴리오 회사인 데이터뱅크의 6억 달러 규모의 2차 주식 판매에 참여한다고 발표했습니다. 디지털브릿지는 이 거래에서 5천9백만 달러의 총 현금을 수령할 것으로 예상되며, 거래는 2025년 2월에 완료될 것으로 보입니다.
이번 거래는 이전 자본 재구성보다 24% 증가했으며, 2019년 12월 이후 투자 자본에 대한 2.2배의 배수로 디지털브릿지의 지분 가치를 평가합니다. 거래 이후, 데이터뱅크에 대한 디지털브릿지의 소유권은 7.8%로 조정되며, 남은 지분의 암시적 가치는 4억 8천6백만 달러입니다.
데이터뱅크는 미국 최대의 엣지 데이터 센터 운영업체로, 27개 이상의 시장에서 65개 이상의 데이터 센터와 20개의 상호 연결 허브를 운영하며 기업 및 기술 공급업체를 위한 인프라 솔루션을 제공합니다.
DigitalBridge (NYSE: DBRG) a annoncé sa participation à une vente d'actions secondaires de 600 millions de dollars par sa société de portefeuille DataBank, suite à un tour de financement d'équité de 2 milliards de dollars, sursouscrit, annoncé en octobre 2024. DigitalBridge recevra 59 millions de dollars de produits bruts de la transaction, qui devrait se clôturer en février 2025.
La transaction représente une augmentation de 24 % par rapport à la recapitalisation précédente et valorise la participation de DigitalBridge à un multiple de 2,2 fois le capital investi depuis décembre 2019. Après la transaction, la part de propriété de DigitalBridge dans DataBank s'ajustera à 7,8 %, avec une valorisation implicite de 486 millions de dollars pour la part restante.
DataBank, le plus grand opérateur de centres de données edge aux États-Unis, gère plus de 65 centres de données et 20 hubs d'interconnexion dans plus de 27 marchés, fournissant des solutions d'infrastructure pour les entreprises et les fournisseurs de technologie.
DigitalBridge (NYSE: DBRG) hat seine Beteiligung an einem Sekundärverkauf von Aktien im Wert von 600 Millionen US-Dollar durch sein Portfolio-Unternehmen DataBank bekannt gegeben, der aus einer überzeichneten Eigenkapitalrunde von 2 Milliarden US-Dollar stammt, die im Oktober 2024 angekündigt wurde. DigitalBridge wird 59 Millionen US-Dollar an Brutto-Cash-Erträgen aus der Transaktion erhalten, die voraussichtlich im Februar 2025 abgeschlossen wird.
Die Transaktion stellt einen Anstieg von 24% im Vergleich zur vorherigen Rekapitalisierung dar und bewertet die Beteiligung von DigitalBridge mit dem 2,2-fachen des investierten Kapitals seit Dezember 2019. Nach der Transaktion wird sich der Eigentumsanteil von DigitalBridge an DataBank auf 7,8% verringern, mit einer impliziten Bewertung von 486 Millionen US-Dollar für den verbleibenden Anteil.
DataBank, der größte Edge-Datenzentrumsbetreiber in den USA, betreibt über 65 Datenzentren und 20 Interconnection-Hubs in mehr als 27 Märkten und bietet Infrastruktur Lösungen für Unternehmen und Technologieanbieter an.
- Receives $59M in gross cash proceeds
- 24% increase in valuation from prior recapitalization
- 2.2x multiple on invested capital since December 2019
- Remaining 7.8% stake valued at $486M
- Participation in oversubscribed $2B equity round
- Reduction in ownership stake to 7.8%
Insights
The
The reduction to
DataBank's extensive portfolio of 65+ data centers and 20 interconnection hubs positions it strategically in the rapidly expanding edge computing market. The successful
The 2.2x MOIC achieved since 2019 outperforms typical private equity returns in the digital infrastructure sector, which typically target 1.8-2.0x over similar holding periods. This transaction not only provides immediate capital returns but also implies a robust
DigitalBridge will receive gross cash proceeds of
Marc Ganzi, CEO of DigitalBridge, said, “This transaction highlights not only the significant value creation we have generated for shareholders by investing alongside our limited partners, but also our commitment to continuously optimize our balance sheet and corporate capital structure. The transaction further enhances our track record of returning and recycling capital to investors, while also maintaining significant exposure, together with AustralianSuper, Swiss Life Asset Managers and our other partners, to the next phase of growth and value creation at DataBank, driven by strong AI-led demand for more data center power and capacity.”
In connection with the transaction, DigitalBridge will receive gross cash proceeds of
DataBank is the largest edge data center operator in the
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
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 whether the transaction will close on the anticipated timeline, the future performance of and impact of subsequent transactions involving DataBank, the impact of AI on demand for data center power and capacity 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
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Investors:
Severin White
Managing Director, Head of Public Investor Relations
(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.
FAQ
What is the value of DigitalBridge's remaining stake in DataBank after the February 2025 transaction?
How much cash will DBRG receive from DataBank's secondary share sale?
What return multiple did DBRG achieve on its DataBank investment since December 2019?
What is the size of DataBank's equity round announced in October 2024?
How many data centers does DataBank operate after DBRG's transaction?
