ADIA Completes Acquisition of 40% Stake in Landmark Dividend Alongside DigitalBridge
DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has completed the acquisition of a 40% stake in DigitalBridge portfolio company Landmark Dividend LLC (“Landmark”).
- DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has completed the acquisition of a 40% stake in DigitalBridge portfolio company Landmark Dividend LLC (“Landmark”).
- Tim Brazy, Chief Executive Officer at Landmark Dividend, said, “We are pleased to complete this important transaction.
- Steven Sonnenstein, Senior Managing Director at DigitalBridge and Chairman of the Board at Landmark, said, "We are thrilled to welcome ADIA as a strategic partner.
- TAP Advisors served as financial advisor to DigitalBridge, and Simpson Thacher & Bartlett LLP served as legal advisor to DigitalBridge.