Quick Take
Colony Capital (CLNY) announced it has acquired Digital Bridge Holdings for $325 million.
Digital Bridge is focused on the ownership, investment and active management of firms in the communications infrastructure sector in the US, Canada, Mexico, Latin America, and Europe.
CLNY recently closed a $4 billion investment fund, apparently partly with Saudi PIF money, so the firm has ample firepower for investing in and adding digital infrastructure assets to its growing portfolio.
Target Company
Boca Raton, Florida-based Digital Bridge was founded in 2013 to acquire ownership of, make investments in and