DigitalBridge and Columbia Capital to Acquire Select Singapore Assets and Hong Kong Operations from Superloop
October 18 2021 - 7:30AM
Business Wire
DigitalBridge Group, Inc. (NYSE: DBRG) and Columbia Capital
today announced that DigitalBridge Investment Management
(“DigitalBridge”), the investment management arm of DigitalBridge
Group, Inc., and funds affiliated with Columbia Capital, have
agreed to acquire certain select assets from Superloop (Singapore)
Pte. Ltd. and Superloop (Hong Kong) Limited for A$140 million.
Under the terms of the agreement, DigitalBridge and Columbia
Capital will become strategic partners of Superloop.
“We are excited to announce our first fiber investment in the
Asia Pacific region,” said Justin Chang, Managing Director and Head
of Asia at DigitalBridge. “Additionally, it is a terrific
opportunity to partner with two leading industry players, investing
alongside the experienced team at Columbia Capital and entering a
long-term strategic partnership with Superloop to capitalize on the
significant growth in network demand we see ahead.”
John Siegel, Partner at Columbia Capital, said, “Increasing
regional demand from businesses and consumers for end-to-end
connectivity is creating meaningful opportunities for long-term
growth. We look forward to partnering with DigitalBridge, who bring
more than 25 years of experience in digital infrastructure, on the
acquisition of these high-quality assets, and to continue carrying
traffic and providing connectivity services in the Singapore and
Hong Kong markets.”
The transaction is expected to close in early 2022, subject to
customary closing conditions.
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global digital
infrastructure REIT. 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 a $35 billion
portfolio of digital infrastructure assets on behalf of its limited
partners and shareholders. Headquartered in Boca Raton,
DigitalBridge has key offices in New York, Los Angeles, London, and
Singapore.
About Columbia Capital
Columbia Capital is a leading venture capital firm, focused on
partnering with top operators to build companies in the digital
infrastructure, enterprise IT, and mobility sectors. Since its
inception in 1989, Columbia Capital has invested in over 175
companies across its sectors of focus. To date, Columbia Capital
has raised approximately $5 billion of fund commitments. Columbia
Capital is headquartered in Alexandria, VA.
About Superloop
Superloop is a leading Asia Pacific independent provider of
connectivity services. The company owns and operates its
carrier-grade metropolitan fiber networks in Australia, Singapore
and Hong Kong, connecting the region's key data centers and
bandwidth-intensive buildings. In addition to its own fiber
network, Superloop is connected to all NBN Points of Interconnect
across Australia and operates its own nationwide fixed wireless
network that collectively deliver high performance, connectivity
solutions to businesses and homes underpinning the region’s digital
economy.
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, without limitation, whether DigitalBridge and
Columbia Capital will complete the acquisition of Superloop within
the timeframe anticipated or at all, whether the parties will
realize any of the anticipated benefits from the acquisition and
other risks and uncertainties, including those detailed in the
Annual Report on Form 10-K for the year ended December 31, 2020,
Quarterly Reports on Form 10-Q for the quarters ended March 31,
2021 and June 30, 2021, and other reports filed by DigitalBridge
Group, Inc. (the “Company”) from time to time with the U.S.
Securities and Exchange Commission. All forward-looking statements
reflect the Company’s good faith beliefs, assumptions and
expectations, but they are not guarantees of future performance.
The Company cautions investors not to unduly rely on any
forward-looking statements. The forward-looking statements speak
only as of the date of this press release. The Company is under no
duty to update any of these forward-looking statements after the
date of this press release, nor to conform prior statements to
actual results or revised expectations, and the Company does not
intend to do so.
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version on businesswire.com: https://www.businesswire.com/news/home/20211018005294/en/
Private Investors: Kevin Smithen Chief Commercial and Strategy
Officer kevin.smithen@digitalbridge.com (646) 883-2846
Public Investors: Severin White Managing Director, Head of
Public Investor Relations severin.white@digitalbridge.com (212)
547-2777
Media: Joele Frank, Wilkinson Brimmer Katcher Julie Hamilton /
Jon Keehner DBRG-jf@joelefrank.com (212) 355-4449
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