M&A Deal Summary

DigitalBridge Group and Columbia Capital Acquire Xenith IG

On August 2, 2022, infrastructure investor DigitalBridge Group and growth capital firm Columbia Capital acquired communications company Xenith IG

Acquisition Highlights
  • This is DigitalBridge Group’s 5th and Columbia Capital’s 9th transaction in the Communications sector.
  • This is DigitalBridge Group’s 1st and Columbia Capital’s 1st transaction in Singapore.

M&A Deal Summary

Date 2022-08-02
Target Xenith IG
Sector Communications
Buyer(s) DigitalBridge Group
Columbia Capital
Deal Type Consolidation

Target

Xenith IG

Singapore, Singapore
Xenith IG is a dark fiber network provider in Asia Pacific and serves mission critical data centers, hyperscalers and enterprises with high capacity, dark fiber. Xenith IG is based in Singapore.

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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 12 of 13
Sector (Communications) 5 of 5
Type (Consolidation) 1 of 1
Country (Singapore) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Vertical Bridge

Boca Raton, Florida, United States

Vertical Bridge is an owner and manager of wireless communications infrastructure. Vertical Bridge owns, operates and master leases over 266,000 towers, rooftop, billboard, utility attachment, and other site locations in support of wireless network deployments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 Switch

Las Vegas, Nevada, United States

Switch provides colocation, connectivity, and cloud services for large corporations, mid-sized enterprises, government agencies and other businesses conducting mission-critical business on the Internet in North America. Switch was founded in 2000 and is based in Las Vegas, Nevada.

Buy $11.0B
Buyer

Columbia Capital


Category Growth Capital Firm
Founded 1989
PE ASSETS 5.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Columbia Capital is a growth capital firm focused on the IT sector. The Firm looks to commit $15 to $40 million to growth stage North American and Western European companies operating in the enterprise IT, internet infrastructure, and mobile communications sectors. Columbia Capital was established in 1989 and is headquartered in Alexandria, Virginia.


DEAL STATS #
Overall 22 of 25
Sector (Communications) 9 of 9
Type (Consolidation) 1 of 1
Country (Singapore) 1 of 1
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Bluewave

Parsippany, New Jersey, United States

Bluewave is a premier technology advisory and lifecycle management company with a comprehensive approach to optimizing clients’ ability to grow revenue, reduce costs, and improve efficiency. Bluewave streamlines the technology buying and management process for businesses of all sizes across the United States with four key services: Technology Evaluation, Strategic Sourcing, Expense Management, and Operations Support. Specializing in modernizing the IT and telecom infrastructure, Bluewave partners with proven cloud, network, security, and collaboration service providers to develop the best solution while maximizing the clients’ technology investment. Bluewave was founded in 2016 and is based in Parsippany, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 xtype

Tel Aviv, Israel

xtype offers platform engineering solutions native to ServiceNow that improves an enterprise organization's ability to deliver new features and applications by automating software deployment and release management, increasing productivity, security, and compliance. xtype is based in Tel Aviv, Israel.

Buy -