Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

DigitalBridge to Acquire Infrastructure Equity Investment Management Business from AMP.

Document Cited in Related
Vincent

MANews-(C)2009-2022

An affiliate of US-based digital infrastructure firm DigitalBridge Group, Inc. (NYSE: DBRG), DigitalBridge Investments, LLC, has agreed to acquire AMP Capital's global infrastructure equity investment management business, part of its Collimate Capital subsidiary, in a transaction valued at USD 328m, the company said.

This is comprised upfront payments for the management platform, fund sponsor investments, and retained performance fees, plus potential contingent payments based on certain future performance thresholds.

AMP Capital's international infrastructure equity platform comprises four investment funds with USD 5.5bn in fee-earning assets under management, including the USD 3.4 bn Global Infrastructure Fund II and USD 1.4bn Global Infrastructure Fund I.

DigitalBridge said the Business fits strategically alongside DigitalBridge's flagship value-add digital infrastructure equity franchise, positioning the firm to capitalize on smaller, high-return mid-market investment opportunities.

The investment team will operate as a new, distinct business unit within the DigitalBridge investment management platform, augmenting DigitalBridge's team of digital infrastructure...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT