M&A Deal Summary

Colony Capital Acquires DataBank

On February 10, 2020, private equity real estate Colony Capital acquired information technology company DataBank from The Edgewater Funds and DigitalBridge Group

Acquisition Highlights
  • This is Colony Capital’s 1st transaction in the Information Technology sector.
  • This is Colony Capital’s 4th transaction in the United States.
  • This is Colony Capital’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-02-10
Target DataBank
Sector Information Technology
Buyer(s) Colony Capital
Sellers(s) The Edgewater Funds
DigitalBridge Group
Deal Type Secondary Buyout

Target

DataBank

Dallas, Texas, United States
DataBank is a provider of an enterprise-class data center, cloud, and interconnection services, offering customers 100% uptime availability of data, applications, and infrastructure. DataBank’s managed data center services are anchored in world-class facilities. DataBank’s customized technology solutions are designed to help customers effectively manage risk, improve their technology performance and allow them to focus on their core business objectives.

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Buyer(S) 1

Buyer

Colony Capital

Los Angeles, California, United States

Investor


Category Private Equity Real Estate
Founded 1991
Size Mega
Type Sector Focused
DESCRIPTION

Colony Capital is a global private equity real estate investor. The Firm looks to acquire operating companies backed by real estate including hotels, casinos, and other assets. The Firm was established in 1991 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 10 of 10
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Alpine Summit Energy Partners

Nashville, Tennessee, United States

Alpine Summit Energy Partners is an energy investment management platform with a highly experienced technical and operating team to provide direct and unique investor access to oil and gas investment opportunities. Alpine Summit Energy Partners is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 Alpine Summit Energy Partners

Nashville, Tennessee, United States

Alpine Summit Energy Partners is an energy investment management platform with a highly experienced technical and operating team to provide direct and unique investor access to oil and gas investment opportunities. Alpine Summit Energy Partners is based in Nashville, Tennessee.

Sell -

Seller(S) 2

SELLER

The Edgewater Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 34 of 43
Sector: Information Technology M&A 6 of 7
Type: Secondary Buyout M&A Deals 10 of 17
State: Texas M&A 3 of 5
Country: United States M&A 33 of 42
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-29 Priority Express Courier

Boothwyn, Pennsylvania, United States

Priority Express Courier, Inc. is a provider of same-day express delivery services to laboratories, health systems, and multiple other high-touch industries. Priority Express serves a variety of customers out of its 5 distribution facilities in the northeast and mid-Atlantic regions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-09 Boomers Parks

Boca Raton, Florida, United States

Boomers Parks is an entertainment services provider. Boomers Parks is a family entertainment centers include park locations under Boomers!, Malibu Grand Prix, Mountasia, and SpeedZone franchise brands. Boomers Parks is based in Boca Raton, Florida.

Sell -
SELLER

DigitalBridge Group

Investor Investor Investor Investor Investor


Category Infrastructure
PE ASSETS 108.0B USD
Size Mega
Type Sector Focused
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 2 of 3
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 StrattoOpencell

London, United Kingdom

StrattoOpencell is a provider of DAS and small cell networks for indoor mobile coverage. Stratto provides a solution to enterprise customers, industry verticals, property developers, owners, and managers. Stratto's executives are veterans of the industry and have significant expertise in launching and scaling telecom, technology, network, and service companies. StrattoOpencell was founded in 2014 and is based in London, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Fibernow

Miami, Florida, United States

Fibernow is a fiber broadband provider serving large areas of south and central florida. The company offers a wide range of products and services, including high-speed internet, cloud-based video, and digital telephony services. It serves a variety of communities including homeowners and condo-owners associations, student housing, and assisted living facilities. Fibernow was formed in 2004 and is based in Miami, Florida.

Buy -