Fortress Investment Group LLC’s US$535 Million Acquisition of Real Estate Portfolio From Digital Bridge

Clifford Chance advised DigitalBridge Group Inc. on the deal.

DigitalBridge Group Inc. (DigitalBridge), a global investment management firm, sold a substantial portion of its Other Equity and Debt (OED) portfolio of real estate assets and associated general partner interests and management rights to global investment manager Fortress Investment Group LLC (Fortress) for US$535 million.

Under the terms of the agreement, Fortress acquired the general partner interests and management rights to certain DigitalBridge-sponsored fund vehicles, and certain debt and equity positions in the Group’s non-digital real estate holdings. The OED portfolio comprised real estate assets in both the United States and Europe, and is diversified by investment type, underlying asset class and industry.

DigitalBridge was formerly known as Colony Capital Inc., and will use the proceeds generated from this disposition for further digital investments as part of its transition to a fully digital business.

Clifford Chance’s M&A partners David Brinton (Picture) and Neil Barlow, and Funds & Investment Management partner Daniel Drabkin led the transaction with support from M&A associates Katerina Papacosma and Eric Schaffer.

The wider team includes: New York: M&A associates Rachel Park and Zoya Afridi, and law clerk Vicki Ye; Funds & Investment Management associates Simi Obastin, Mark Phillips and Xi Bing Su, and law clerk Kimara Davis; Tax partner Philip Wagman, counsel Rebecca Pereira and associate Hannah Richard; Corporate counsel Daryl Fairbairn; and Tax, Pensions and Employment partner Howard Adler; Luxembourg: M&A advocat Frédérique Davister, and trainee Frédéric Barbato; and Employment avocat John Ted; Paris: M&A partner Marianne Pezant, and avocats Veronique De Hemmer Gudme and Alice Declercq; Washington, DC: Competition/Antitrust partner Timothy Cornell, and associates Abigail Cessna and Santiago Roca Arribas.

Involved fees earner: Howard Adler – Clifford Chance; Zoya Afridi – Clifford Chance; Neil Barlow – Clifford Chance; David Brinton – Clifford Chance; Abigail Cessna – Clifford Chance; Timothy Cornell – Clifford Chance; Frédérique Davister – Clifford Chance; Véronique de Hemmer Gudme – Clifford Chance; Alice Declercq – Clifford Chance; Daniel Drabkin – Clifford Chance; Daryl Fairbairn – Clifford Chance; Simi Obatusin – Clifford Chance; Katerina Papacosma – Clifford Chance; Rachel Park – Clifford Chance; Rebecca Pereira – Clifford Chance; Marianne Pezant – Clifford Chance; Mark Phillips – Clifford Chance; Hannah Richard – Clifford Chance; Santiago Roca Arribas – Clifford Chance; Eric Schaffer – Clifford Chance; Xi Bing Su – Clifford Chance; John Ted – Clifford Chance; Philip Wagman – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Digital Bridge Holdings, LLC;

Giulia Di Palma

Author: Giulia Di Palma