DigitalBridge announces DataBank recapitalization: Swiss Life consortium buys 27% for $1.2B; DBRG ownership to 15.5%

DigitalBridge Group, Inc.

Swiss Life Asset Managers and EDF Invest acquire 27% of DataBank for ~$1.2B cash from existing investors.
DigitalBridge's indirect ownership in DataBank reduces to 15.5%; receives $230M cash proceeds.
Valuation implies 1.9x multiple of average cost basis on DBRG's four DataBank investments since Dec 2019.
Subsequent recapitalization stages expected through Q4 2022 with additional new investors.
DataBank operates >65 data centers across 27 U.S. markets; DBRG retains significant exposure.

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