DigitalBridge and IFM Investors Take Switch Private

DigitalBridge Investment Management Acquires Controlling Stake in Vertical Bridge

August 10, 2021

Telecommunications

Funds affiliated with DigitalBridge Investment Management have acquired a controlling stake in Vertical Bridge Holdings, LLC, the largest private owner and operator of wireless communications infrastructure in the United States. The investment consolidates ownership to support Vertical Bridge’s continued scaling across more than 308,000 sites (including 8,000+ towers) and to capitalize on growing demand for 5G and other next-generation telecom infrastructure.

DigitalBridge Acquires Wafra's 31.5% Stake in DigitalBridge IM

April 18, 2022

Financial Services

DigitalBridge Group, Inc. agreed to acquire Wafra Inc.'s 31.5% ownership stake in DigitalBridge's investment management subsidiary (DigitalBridge IM) for $410 million of newly issued DigitalBridge Class A common stock and $390 million in cash, with an earnout of up to $125 million. The transaction will make DigitalBridge the 100% owner of DigitalBridge IM, is expected to be immediately accretive to earnings by increasing fee-related earnings and performance fee entitlement, and furthers corporate simplification and alignment between shareholders and the investment-management platform.

CBRE Caledon Acquires Majority Stake in CitySwitch Tower Holdings

September 14, 2021

Telecommunications

CBRE Caledon Capital Management has entered into a definitive agreement to acquire a majority equity interest in CitySwitch Tower Holdings, a build-to-suit wireless tower developer and operator, from funds managed by American Infrastructure Funds LLC and other shareholders. The investment (made on behalf of a CBRE Caledon fund and a separately managed account) will support CitySwitch's expansion of its tower portfolio and build-to-suit pipeline across the eastern United States.

DigitalBridge and Crestview Partners Take WideOpenWest (WOW!) Private

December 31, 2025

Telecommunications

Affiliated investment funds of DigitalBridge Group and Crestview Partners completed a take-private acquisition of WideOpenWest, Inc. (WOW!) for an enterprise value of approximately $1.5 billion. WOW! shareholders received $5.20 per share; the buyers said they plan to invest in expanded fiber deployments, network modernization and customer experience improvements.

DigitalBridge Acquires Majority Stake in JTOWER to Take Company Private

October 23, 2024

Infrastructure

DigitalBridge, through its special-purpose entity DB Pyramid Holdings, acquired a 75.62% controlling interest in Japanese tower operator JTOWER for JPY 70.1 billion and plans to take the company private. The deal strengthens DigitalBridge’s digital infrastructure footprint in Japan and positions JTOWER to accelerate deployment of shared telecom infrastructure and in‑building solutions across the country.

Panther Equity Group and Corbel Capital Partners Invest in Switchbox, Inc.

November 16, 2023

IT Services

Panther Equity Group, alongside Corbel Capital Partners, has completed an investment in Switchbox, Inc., a Columbus, Ohio-based software development and digital IT transformation firm. Founder and CEO Joel Stephens remains a co-owner and will continue to lead the company as the investors provide growth capital and operational support to expand Switchbox's service offerings.