DigitalBridge deconsolidates Vantage SDC, completes shift to pure-play asset manager

DigitalBridge Group, Inc.

Deconsolidation of Vantage SDC effective Dec 31, 2023; DigitalBridge no longer holds controlling financial interest.
Operating segment discontinued; investment management becomes DigitalBridge's sole line of business.
DigitalBridge retains a 12.8% equity interest in Vantage SDC (diluted from 13.1%), carried under Investments.
Transaction involved conversion of earnout payments to equity and modification of Vantage SDC governance rights.
CEO Marc Ganzi states this achieves key 2023 simplification initiative and de-leverages balance sheet.

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