- Significant investment by leading institutions, foundations, family offices and individuals through Digital Bridge US Tower Holdings, LLC
- Additional investment by The Jordan Company and major new commitments from Goldman Sachs (GS) Infrastructure Partners and Stonepeak Infrastructure Partners
- Brings total equity raised by Digital Bridge to nearly $1 Billion across its three businesses
BOCA RATON - November 11, 2014 - Digital Bridge Holdings, LLC, the global communications infrastructure platform, today announced that its US tower company Vertical Bridge has secured over $470 million of incremental equity commitments to support its acquisitions, new tower build programs, and growth strategy.
Marc Ganzi, CEO of Digital Bridge, commented: “We are extremely excited to support the Vertical Bridge team with an equity commitment exceeding $200 million, the largest commitment among this high quality equity investor group. We remain very bullish on the US tower space and are pleased to provide the VB team with the capital necessary to assist Vertical Bridge’s wireless carrier partners in the deployment of their ongoing and future network needs.”
Ben Jenkins, Chairman of Digital Bridge, noted: “With this very successful capital formation, Digital Bridge will have raised almost $1 billion of equity to support the growth and development of leading tower companies in the United States, Mexico and China. Backing Alex Gellman and the Vertical Bridge team fits perfectly with Digital Bridge’s strategy of partnering with great management in attractive communications infrastructure opportunities.”
“With this closing Vertical Bridge now has over $750 million of committed equity. Alongside our existing $270MM Senior Credit Facility, we have over $1 billion of immediately investable capital to fund our growth” said Alexander L. Gellman, CEO and Co-Founder of Vertical Bridge. “We are pleased that Digital Bridge and The Jordan Company increased their commitment to VB and welcome the opportunity to work with well-established partners such as GS Infrastructure Partners and Stonepeak.”
About Digital Bridge Holdings, LLC
Digital Bridge Holdings is a communications infrastructure platform based in Boca Raton, Florida. It was formed in 2013 through a partnership between Ben Jenkins (formerly of The Blackstone Group) and Marc Ganzi (former founder and CEO of Global Tower Partners). Digital Bridge owns interests in a broad range of communications infrastructure companies. It is dedicated to long-term value creation through the active management of its companies and strong alignment with its investor partners. Digital Bridge manages investments on behalf of institutional, corporate, endowment and family offices around the world. For more information please visit www.digitalbridgellc.com or call Anushka Cardinale at (561) 989-0275.
About Vertical Bridge Holdings, LLC
Vertical Bridge Holdings is a privately-owned tower company in the US headquartered in Boca Raton, Florida. The company focuses on owning, operating, and managing telecommunications towers, rooftops, and site locations across the country. Vertical Bridge was founded in 2014 by Digital Bridge Holdings, LLC as well as certain key executives from Global Tower Partners. For more information please visit www.verticalbridge.com or call Traci Clancy at (561) 948-6367.