DigitalBridge Group to Acquire ArcLight Capital Partners in $1.05B Deal

DigitalBridge Group, Inc. entered into a definitive agreement to acquire ArcLight Capital Partners, LLC for up to $1.05 billion (including a $650 million base price and up to $400 million contingent consideration). The transaction is conditioned on completion of SoftBank Group’s previously announced acquisition of DigitalBridge and is expected to create a scaled alternative asset manager spanning power, AI, and digital infrastructure.