Enables DigitalBridge to Capitalize on Mid-Market Opportunities
DigitalBridge Group, Inc. announced that its operating company, DigitalBridge Operating Company, LLC, through certain of its subsidiaries has completed its transaction to acquire AMP Capital’s global infrastructure equity investment management business, which has been rebranded as InfraBridge in a transaction valued at $316 million, plus potential contingent payments based on certain future performance thresholds.*
“We are pleased to welcome to DigitalBridge an experienced, high-caliber investment team that shares our focus on generating attractive, long-term, risk-adjusted returns for our investors”
InfraBridge, comprises four investment funds with $5.6 billion in fee-earning assets under management, including the $3.4 billion Global Infrastructure Fund II (“GIF II”) and $1.4 billion Global Infrastructure Fund I (“GIF I”). InfraBridge will operate as a new, autonomous business unit within the DigitalBridge investment management platform, with its operations and strategy supported by DigitalBridge’s industry-leading team of digital infrastructure professionals.
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Damian Stanley, previously Global Co-Head, Value-Added Infrastructure Equity at AMP Capital, will serve as Managing Partner of InfraBridge. Mr. Stanley has been an instrumental and respected leader since joining AMP Capital in 2015 and has led numerous key transactions across the GIF platform. In addition, Bernardo Vargas Gibsone, who joined DigitalBridge’s leadership team in September 2022 after serving as CEO of ISA Group, has been appointed Non-Executive Chair of InfraBridge.
“We are pleased to welcome to DigitalBridge an experienced, high-caliber investment team that shares our focus on generating attractive, long-term, risk-adjusted returns for our investors,” said Marc Ganzi, Chief Executive Officer of DigitalBridge. “InfraBridge complements our “full-stack” investment platform, positioning DigitalBridge to capitalize on high-return mid-market investment opportunities. Further, the acquisition immediately contributes significant earnings and further advances DigitalBridge’s strategic roadmap towards an asset-light, high-growth asset manager serving secular growth markets.”
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“We are excited to be joining DigitalBridge, a respected leader in the global infrastructure space, to continue expanding our infrastructure mandate throughout the mid-market.” said Mr. Stanley. “We share DigitalBridge’s vision to deliver long-term stable returns by allocating capital and building value at the portfolio company level and look forward to benefiting from a group with vast institutional knowledge to help accelerate our growth.”
“I’m looking forward to working with this extremely talented team, led by Damian, to maximize the value of InfraBridge’s high-quality portfolio of existing investments and further refine its investment strategy, as well as continuing to expand DigitalBridge’s capital base,” said Mr. Vargas Gibsone.
The transaction consideration of $316 million is comprised of $141 million upfront cash payment for the investment management platform, $127 million for the assumption of previously funded sponsor investments, and $48 million for rights to embedded carried interest in GIF I and GIF II, subject to post-closing adjustments.
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