M&A Deal Summary

DigitalBridge Group Acquires Beanfield Metroconnect

On November 12, 2019, infrastructure investor DigitalBridge Group acquired communications company Beanfield Metroconnect

Acquisition Highlights
  • This is DigitalBridge Group’s 3rd transaction in the Communications sector.
  • This is DigitalBridge Group’s 2nd transaction in Canada.
  • This is DigitalBridge Group’s 2nd transaction in Ontario.

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

Target

Beanfield Metroconnect

Toronto, Ontario, Canada
Beanfield Technologies, Inc. owns and operates a private fiber-optic network in Toronto, 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) 1

Buyer

DigitalBridge Group

Investor Investor Investor Investor Investor

Category Infrastructure
PE ASSETS 45.0B 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 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 -
Mergr

Product

Company

Legal