Ian Schapiro
Effective July 10, 2024, the Board appointed Ian Schapiro to serve as an independent member of the Board.
Highest-materiality recent filing
DigitalBridge to acquire ArcLight for up to $1.05B; deal conditioned on SoftBank closing
Base purchase price $650M plus up to $400M contingent earn-out based on ArcLight's fee-related earnings through 2029.
DigitalBridge stockholders approve $16/share all-cash acquisition by SoftBank
Stockholders voted 96% in favor (121,177,032 shares) to approve the merger with SoftBank at $16.00 per share in cash.
DigitalBridge to be acquired by SoftBank affiliate for $16.00 per share in cash
Common stockholders receive $16.00 per share in cash; preferred stock remains outstanding.
SoftBank to acquire DigitalBridge for ~$4B ($16.00/share), 15% premium to last close
Total enterprise value of approximately $4.0B; $16.00 per share in cash.
DigitalBridge deconsolidates Vantage SDC, completes shift to pure-play asset manager
Deconsolidation of Vantage SDC effective Dec 31, 2023; DigitalBridge no longer holds controlling financial interest.
DigitalBridge names Thomas Mayrhofer as CFO and Treasurer effective Q2 2024
Mayrhofer to succeed Jacky Wu; Wu continues through 2023 reporting and transition period.
DigitalBridge CFO Jacky Wu to step down by June 2024 under phased transition plan
Jacky Wu will serve as CFO until a successor is hired, then as employee strategic advisor until June 30, 2024.
DigitalBridge completes DataBank recapitalization, netting $479M in gross cash proceeds
Final closing delivered $50M, total gross cash proceeds from recapitalization = $479M.
DigitalBridge shareholders reject say-on-pay; authorized shares cut 75%; new CLO
Say-on-pay failed: 55.3M votes for, 70.9M against; advisory resolution not approved.
DigitalBridge Q1 2023 revenue $250M; GAAP net loss $212M ($1.34/share)
Q1 2023 total revenues of $250 million.
DigitalBridge Q4 2022: GAAP net loss $19M, DE -$11M; full-year net loss $382M
Q4 total revenues $301M; GAAP net loss $(19)M ($(0.12)/share); Distributable Earnings $(11)M ($(0.07)/share).
DigitalBridge amends AMP infrastructure deal; caps Sponsor Capital price adjustment at 5% threshold
Amended purchase agreement dated Dec 19, 2022 modifies consideration for Sponsor Capital in acquisition of AMP's global infra equity management business.
DigitalBridge Q3 2022: $297M revenue, GAAP net loss of $(0.39)/share, DE $0.22/share
Total revenues of $297 million for Q3 2022.
DigitalBridge enters amended employment agreement with CFO Jacky Wu; term to end Dec 31, 2023
Employment term expires Dec 31, 2023; may extend with Wu's consent if successor not found.
DigitalBridge completes DataBank recap; sells ~35% stake for $1.54B; director changes
Closed sale of ~27% DataBank equity for $1.2B cash to Swiss Life affiliate; additional 8% sold to DigitalBridge Zeus for $341.5M.
DigitalBridge Q2 revenue $289M, GAAP net loss $37M; approves 1-for-4 reverse split
GAAP net loss attributable to common stockholders of $37M ($0.06 per share); Distributable Earnings $7.6M.
DigitalBridge announces $200M share repurchase program and 1-for-4 reverse stock split
Board authorized $200M to repurchase common and preferred shares, effective immediately.
Swiss Life Asset Managers and EDF Invest acquire 27% of DataBank for ~$1.2B cash from existing investors.
DigitalBridge completes $805M acquisition of Telenet's tower assets in Belgium
Acquired 100% of TowerCo (Telenet Newco NV) for ~$805M cash, excluding transaction expenses.
DigitalBridge completes buyback of Wafra's 31.5% stake in DBMH for $388.5M cash and 57.7M shares
Paid $388.5M net cash and issued 57.7M shares of Class A common stock to reacquire Wafra's 31.5% interest in DBMH.
DigitalBridge Q1 2022: GAAP net loss of $262M; plans to start common dividend in Q3
Total revenues of $257M; GAAP net loss attributable to common stockholders $(262)M ($(0.46)/share).
DigitalBridge to acquire AMP Capital's infra equity mgmt business for $328M base plus earn-out
Base purchase price AUD 458M (~USD 328M); potential earn-out up to AUD 180M based on future FEEUM.
DigitalBridge to acquire Wafra's 31.5% stake in IM unit for $800M; transitions to C-Corp
Considers 57.7M shares of DBRG common stock plus $390M cash, subject to closing adjustments.
Effective July 10, 2024, the Board appointed Ian Schapiro to serve as an independent member of the Board.
On July 8, 2024, Jon Fosheim resigned as a member of the board of directors (the “Board”) of DigitalBridge Group, Inc. (the “Company”), including as a member of its audit committee and compensation committee.
On March 18, 2024, Thomas H. Mayrhofer was appointed the Chief Financial Officer and Treasurer of DigitalBridge Group, Inc.
Mr. Wu ceased to serve as the Company’ Executive Vice President, Chief Financial Officer and Treasurer on May 18, 2024 and has agreed to continue to serve as an employee of the Company providing strategic advice through June 30, 2024 pursuant to the employment agreement between the Company and Mr. Wu dated as of November 13, 2023.
Mr. Mayrhofer will be appointed Chief Financial Officer and Treasurer of the Company on such date between March 1, 2024 and April 30, 2024 as the transition of duties from Jacky Wu, the Company’s current Chief Financial Officer and Treasurer, is complete.
Mr. Mayrhofer will be appointed Chief Financial Officer and Treasurer of the Company on such date between March 1, 2024 and April 30, 2024 as the transition of duties from Jacky Wu, the Company’s current Chief Financial Officer and Treasurer, is complete.
The Agreement provides that Mr. Wu will serve as the Company’s Executive Vice President, Chief Financial Officer and Treasurer from the Effective Date through the date that Mr. Wu has completed the transition of duties and responsibilities to a successor chief financial officer of the Company and thereafter shall serve as an employee strategic advisor to the Company through June 30, 2024 (the “Expiration Date”).
Upon Ms. Kim’s departure, Jacky Wu, the Company’s Executive Vice President and Chief Financial Officer and the principal financial officer, will assume the role of principal accounting officer in addition to his current roles.
On August 22, 2023, Sonia Kim, the Chief Accounting Officer and the principal accounting officer of DigitalBridge Group, Inc. (the “Company”), informed the Company of her intention to resign from the Company, effective September 8, 2023, to pursue other opportunities.
The Agreement provides for Mr. Sanders’ term of employment to conclude on April 27, 2023.
On August 29, 2022, John L. Steffens resigned as a member of the board of directors (the “Board”) of DigitalBridge Group, Inc. (the “Company”), including as a member of its compensation committee and nominating and corporate governance committee, effective as of August 29, 2022.
Effective August 30, 2022, the Board appointed David M. Tolley to serve as an independent member of the Board.
Max materiality 1.00 · Median 0.55 · Most common event earnings