M&A
confidence high
sentiment positive
materiality 0.85
DigitalBridge to acquire AMP Capital's infra equity mgmt business for $328M base plus earn-out
DigitalBridge Group, Inc.
- Base purchase price AUD 458M (~USD 328M); potential earn-out up to AUD 180M based on future FEEUM.
- Acquires $5.5B fee-earning AUM across four funds, including $3.4B Global Infrastructure Fund II.
- Expected close before end of 2022, subject to customary regulatory approvals.
- Immediately accretive to after-tax income; raises 2022 run-rate FRE guidance by ~20% at midpoint.
- Strategic: adds mid-market infrastructure equity capabilities alongside existing digital infrastructure platform.