M&A Deal Summary

DigitalBridge Group and OMERS Infrastructure Acquire Beanfield Metroconnect

On November 12, 2019, infrastructure investors DigitalBridge Group and OMERS Infrastructure acquired communications company Beanfield Metroconnect

Acquisition Highlights
  • This is DigitalBridge Group’s 3rd and OMERS Infrastructure’s 3rd transaction in the Communications sector.
  • This is DigitalBridge Group’s 2nd and OMERS Infrastructure’s 15th transaction in Canada.
  • This is DigitalBridge Group’s 2nd and OMERS Infrastructure’s 11th transaction in Ontario.

M&A Deal Summary

Date 2019-11-12
Target Beanfield Metroconnect
Sector Communications
Buyer(s) DigitalBridge Group
OMERS Infrastructure
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Bank Street (Financial)
DLA Piper (Legal)

Target

Beanfield Metroconnect

Toronto, Ontario, Canada
Beanfield Technologies owns and operates a private fiber-optic network and provides comprehensive telecom services to over 700 commercial and residential buildings. Beanfield Technologies was founded in 1988 and is based in Toronto, Ontario.

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Buyer(S) 2

Buyer
DESCRIPTION
DigitalBridge's headquarters in Boca Raton, Florida.
DigitalBridge's headquarters in Boca Raton, Florida.

DigitalBridge Group is a global digital infrastructure investment firm. The Firm looks to acquire a variety of assets and operating businesses spanning cell towers, data centers, fiber, small cells, and edge infrastructure. DigitalBridge is headquartered in Boca Raton, Florida.


DEAL STATS #
Overall 7 of 13
Sector (Communications) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Zayo

Boulder, Colorado, United States

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

Buy $14.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Highline do Brasil S.A.

São Paulo, Brazil

Highline do Brasil S.A. is an independent provider of infrastructure solutions for the telecommunications industry. The company's business is to build and operate a portfolio of telecommunication antenna installation sites: towers, rooftops, indoor systems, and street-level (low coverage) sites. Highline makes investments in infrastructure projects and leases the capacity of these assets through long term contracts, promoting the accelerated deployment of customers' networks.

Buy -
Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 1990
PE ASSETS 36.0B CAD
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.


DEAL STATS #
Overall 43 of 54
Sector (Communications) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 24 of 24
State (Ontario) 11 of 11
Country (Canada) 15 of 15
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-24 VTG

Hamburg, Germany

VTG is a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. VTG was founded in 1951 and is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Deutsche Glasfaser

Borken, Germany

Deutsche Glasfaser is a provider of fiber-optic internet connectivity for private households and business customers in rural Germany. Deutsche Glasfaser was founded in 2011 and is based in Borken, Germany.

Buy -