BRIEF-Digitalbridge Group To Buy Arclight Capital Partners For Up To $1.05 Billion

DigitalBridge Group INC

DigitalBridge Group INC

DBRG

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May 27 (Reuters) - DigitalBridge Group Inc DBRG.N:

  • TO BUY ARCLIGHT CAPITAL PARTNERS FOR UP TO $1.05 BILLION

  • DEAL INCLUDES $650 MILLION BASE PRICE PLUS UP TO $400 MILLION CONTINGENT CONSIDERATION

  • ARCLIGHT TO OPERATE AS SEPARATELY MANAGED BUSINESS WITHIN DIGITALBRIDGE

  • DANIEL REVERS TO BECOME VICE CHAIRMAN OF DIGITALBRIDGE UPON DEAL COMPLETION

Source text: ID:nBw1mCdZga

Further company coverage: DBRG.N


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