ADIA Acquires 40% Stake in Landmark Dividend

Posted on 11/02/2023

A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will acquire a 40% stake in Landmark Dividend LLC, an acquirer and developer of real estate and infrastructure focused on the wireless communication, digital infrastructure, outdoor advertising, and renewable power industries. The investment includes a significant commitment from ADIA and DigitalBridge-sponsored vehicles to support the continued expansion of Landmark’s growth platform. DigitalBridge Group, Inc. owns Landmark Dividend.

The transaction will require regulatory approvals and is expected to close in the first half of 2024.

TAP Advisors is serving as financial advisor to DigitalBridge, and Simpson Thacher & Bartlett, LLP is serving as legal advisor to DigitalBridge.

Gibson Dunn is serving as legal advisor to ADIA.

Landmark Infrastructure Partners parent company Landmark Dividend was acquired by Digital Colony ( since renamed DigitalBridge) in May 2021.

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