Welcome to our dedicated page for Digitalbridge Group news (Ticker: DBRG), a resource for investors and traders seeking the latest updates and insights on Digitalbridge Group stock.
DigitalBridge Group, Inc. (NYSE: DBRG) regularly issues news and updates that reflect its role as a global alternative asset manager focused on digital infrastructure. Company press releases highlight activity across the digital ecosystem, including investments in cell towers, data centers, fiber, small cells, and edge infrastructure, as well as fund milestones and strategic partnerships. This news page aggregates such announcements so readers can review how DigitalBridge communicates its strategy and platform developments over time.
Recent news items include the close of DigitalBridge Partners III, the firm’s third value-added digital infrastructure fund, with multi-billion-dollar commitments and co-investments, and early deployment into platforms such as Vantage Data Centers North America, Yondr Group, Orange Barrel Media, FiberNow, and JTOWER. Other releases describe DigitalBridge’s role as a major investor in hyperscale data center projects, including large campuses that support AI and cloud workloads, and its collaboration with KT Corporation in Korea through a memorandum of understanding to explore next-generation AI data centers.
DigitalBridge-related news also covers portfolio and platform transactions, such as the agreement for funds managed by an affiliate of DigitalBridge to sell Digita Group, a Nordic tower and broadcast infrastructure platform, to GI Partners, and the completion of a take-private acquisition of WideOpenWest, Inc. (WOW!) by affiliated investment funds of DigitalBridge and Crestview Partners. In addition, announcements describe a definitive agreement under which SoftBank Group Corp. plans to acquire DigitalBridge, subject to stockholder and regulatory approvals.
Investors and observers can use this news feed to review DigitalBridge’s public statements on fundraises, portfolio activity, strategic partnerships, and proposed corporate transactions, all of which illustrate how the company positions itself within the global digital infrastructure landscape.
DigitalBridge Group, Inc. (NYSE: DBRG) has appointed Bernardo Vargas Gibsone as Managing Director, Head of Latin America. With over 30 years of experience in infrastructure investment, Vargas previously served as CEO of ISA Group, achieving significant growth and a fivefold increase in share price. His role will focus on expanding DigitalBridge’s investment management in Latin America and enhancing existing investments. CEO Marc Ganzi emphasized the importance of Vargas's leadership in executing the company's growth strategy in this key region.
DigitalBridge Group (NYSE: DBRG) will participate in key investor and industry conferences from September 9 to September 30. Notable appearances include Marc Ganzi speaking at the Goldman Sachs Communacopia & Technology Conference on September 13 at 3:45 pm PT, and the Deutsche Bank Leveraged Finance Conference on September 20 at 10:40 am MT. Other executives will conduct 1x1 meetings with investors. DigitalBridge, a leader in digital infrastructure management, oversees a $48 billion portfolio and has offices in multiple global cities.
DataBank has successfully closed its initial recapitalization, with a consortium led by Swiss Life and EDF Invest acquiring a 35% interest for approximately $1.5B. This consortium includes other investors like Northleaf Capital Partners and Ardian. The partnership positions DataBank for significant growth in edge infrastructure and is expected to enhance its operational capabilities across U.S. markets, leveraging its extensive data center presence.
DigitalBridge Group (NYSE: DBRG) has successfully closed the initial phase of its recapitalization of DataBank, raising approximately $1.5 billion from new investors, surpassing earlier estimates of $1.2 billion. This sale results in DigitalBridge's ownership stake in DataBank reducing to 13.4%, yielding $318 million in cash proceeds, up from the expected $230 million. The recapitalization asserts a pre-transaction net equity value of $905 million, reflecting a 2.0x multiple of invested capital since December 2019.
DigitalBridge Group (NYSE: DBRG) has successfully completed a 1-for-4 reverse stock split aimed at aligning its share count with industry peers and generating cost savings. Following the split, approximately 163.9 million shares of Class A common stock and 0.2 million shares of Class B common stock remain outstanding. Stockholders retain their proportional ownership and voting power, with trades on a split-adjusted basis commencing on August 23, 2022. This strategic move is part of the company’s broader efforts to streamline operations.
DigitalBridge Group (DBRG) announced its strategic roadmap aiming to double assets under management over the next three years. For Q2 2022, the company reported revenues of $289 million, a net loss of $37 million (or $0.06 per share), and distributable earnings of $7.6 million. The Board approved a 1-for-4 reverse share split, effective August 22, 2022, reducing outstanding common shares from 656 million to 164 million. Shareholders will receive information regarding their holdings and related cash payments. Preferred dividends were declared and will be paid on October 17, 2022.
DigitalBridge and Columbia Capital have launched Xenith Infrastructure Group (Xenith IG), a new fiber platform targeting the Asia-Pacific market. The platform will focus on providing fiber connectivity to hyperscalers and data center operators, starting with assets in Singapore and Hong Kong acquired from Superloop. Clement Goh has been appointed as CEO, bringing over 20 years of experience in the digital infrastructure sector. DigitalBridge, which manages a $47 billion portfolio, aims to leverage the growing demand for reliable fiber infrastructure in the region.
DigitalBridge Group (NYSE: DBRG) has announced its participation in two investor conferences. The first is the Cowen 8th Annual Communications Infrastructure Summit on August 8-9, 2022, where CEO Marc Ganzi will host a keynote and participate in a fireside chat with Zayo CEO Steve Smith. The second is the Deutsche Bank Technology Conference on August 31-September 1, 2022, featuring 1x1 meetings conducted by Severin White, Head of Public Investor Relations. Presentations will be available via webcast on the company's website.
DigitalBridge Group (NYSE: DBRG) announced an agreement to sell Wildstone, a leading independent outdoor media infrastructure owner in the UK, to Antin Infrastructure Partners. DigitalBridge acquired Wildstone in January 2020 and focused on enhancing its billboard digitization strategy. Steven Sonnenstein, a senior managing director at DigitalBridge, highlighted the substantial growth achieved during this period. The transaction is expected to finalize in Q3 2022, with Greenhill acting as financial advisor to DigitalBridge.
Antin Infrastructure Partners has announced the acquisition of Wildstone from DigitalBridge Group. This acquisition marks the final investment from Antin's Flagship Fund IV. Wildstone operates over 3,000 billboards primarily in the UK, driving a shift from traditional paper to digital advertising. The outdoor media market is experiencing significant growth, with a projected 70% digitization rate in the UK within 10 years. Antin aims to extend Wildstone's successful model across Europe, leveraging its premium assets to meet growing demand from global media companies.