DigitalBridge Group completed its acquisition of AMP Capital’s global infrastructure equity investment management business in a transaction valued at $316 million, plus potential contingent payments based on certain future performance thresholds. The acquired business, which is based in London, has been rebranded as InfraBridge.
InfraBridge, comprises four investment funds with $5.6 billion in fee-earning assets under management, including the $3.4 billion Global Infrastructure Fund II (“GIF II”) and $1.4 billion Global Infrastructure Fund I (“GIF I”). InfraBridge will operate as a new, autonomous business unit within the DigitalBridge investment management platform, with its operations and strategy supported by DigitalBridge’s team of digital infrastructure professionals.
Damian Stanley, previously Global Co-Head, Value-Added Infrastructure Equity at AMP Capital, will serve as Managing Partner of InfraBridge. Mr. Stanley has been an instrumental and respected leader since joining AMP Capital in 2015 and has led numerous key transactions across the GIF platform. In addition, Bernardo Vargas Gibsone, who joined DigitalBridge’s leadership team in September 2022 after serving as CEO of ISA Group, has been appointed Non-Executive Chair of InfraBridge.
“We are pleased to welcome to DigitalBridge an experienced, high-caliber investment team that shares our focus on generating attractive, long-term, risk-adjusted returns for our investors,” said Marc Ganzi, Chief Executive Officer of DigitalBridge. “InfraBridge complements our “full-stack” investment platform, positioning DigitalBridge to capitalize on high-return mid-market investment opportunities. Further, the acquisition immediately contributes significant earnings and further advances DigitalBridge’s strategic roadmap towards an asset-light, high-growth asset manager serving secular growth markets.”
