M&A Deal Summary

DigitalBridge Group Acquires Boingo Wireless

On March 1, 2021, infrastructure investor DigitalBridge Group acquired communications company Boingo Wireless for 854M USD

Acquisition Highlights
  • This is DigitalBridge Group’s 9th transaction in the Communications sector.
  • This is DigitalBridge Group’s 4th largest (disclosed) transaction.
  • This is DigitalBridge Group’s 7th transaction in the United States.
  • This is DigitalBridge Group’s 2nd transaction in California.

M&A Deal Summary

Date 2021-03-01
Target Boingo Wireless
Sector Communications
Buyer(s) DigitalBridge Group
Deal Type Going Private
Deal Value 854M USD
Advisor(s) TAP Advisors (Financial)
Gunderson Dettmer (Legal)

Target

Boingo Wireless

Los Angeles, California, United States
Boingo Wireless' corporate headquarters in Los Angeles, California.
Boingo Wireless' corporate headquarters in Los Angeles, California.
Boingo Wireless is a global network of wireless access points that provide high-speed, high-bandwidth wireless connectivity to smartphones, tablets, laptops, wearables, the Internet of Things, and other wireless-enabled devices. Boingo Wireless was founded in 2001 and is based in Los Angeles, California.

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Buyer(S) 1

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 14 of 23
Sector: Communications M&A 9 of 14
Type: Going Private M&A Deals 2 of 4
State: California M&A 2 of 3
Country: United States M&A 7 of 10
Year: 2021 M&A 2 of 5
Size (of disclosed) 4 of 6
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Landmark Dividend

El Segundo, California, United States

Landmark Dividend is an aggregator of ground leases under essential micro-infrastructure such as cell towers and billboards. Landmark’s management team pioneered the ground lease acquisition business in 2002 and has successfully closed over 4,000 transactions. Landmark offers payments to property owners in exchange for long-term ground leases and real property easements. Landmark Dividend is based in El Segundo, California.

Buy $972M