M&A
confidence high
sentiment neutral
materiality 0.60
DigitalBridge completes buyback of Wafra's 31.5% stake in DBMH for $388.5M cash and 57.7M shares
DigitalBridge Group, Inc.
- Paid $388.5M net cash and issued 57.7M shares of Class A common stock to reacquire Wafra's 31.5% interest in DBMH.
- Wafra's carried interest in DigitalBridge Partners II reduced from 12.6% to 7%; existing investments retained.
- Named Adel Alderbas (Wafra CIO) as senior advisor for three years.
- Entered new agreements including Amended Carried Interest Participation, Termination, and Registration Rights.