Independent Transaction Committee of the Board of Directors of DigitalBridge in the $1.2 billion recapitalization of DigitalBridge’s portfolio company Databank via sale of equity interests to Swiss Life Asset Management and EDF Invest

On June 16, 2022 DigitalBridge Group, Inc. announced the recapitalization of its portfolio company DataBank, a leading nationwide edge data center platform. In the transaction, Swiss Life Asset Management and EDF will acquire 27% of the fully diluted equity interests in DataBank from existing investors for approximately $1.2 billion in cash. Wachtell, Lipton, Rosen & Katz served as legal advisor to the Independent Transaction Committee of the Board of Directors of DigitalBridge.