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 4th transaction in the Communications sector.
  • This is DigitalBridge Group’s 4th largest (disclosed) transaction.
  • This is DigitalBridge Group’s 5th 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, Inc. 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

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 9 of 13
Sector (Communications) 4 of 5
Type (Going Private) 2 of 3
State (California) 2 of 3
Country (United States) 5 of 8
Year (2021) 1 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 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.

Sell -
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
Mergr

Product

Company

Legal