DigitalBridge Offloads Wildstone to Antin Infrastructure Partners
Posted on 08/02/2022
Antin Infrastructure Partners, through Antin Flagship Fund IV, has agreed to acquire Wildstone, an owner of independent outdoor media infrastructure in the U.K., from DigitalBridge Group, Inc. Wildstone marks Flagship Fund IV’s final investment.
Founded in 2010 by CEO Damian Cox, Wildstone is an owner of outdoor media and has a portfolio of over 3,000 billboards across the U.K. and Europe, including premium digital billboards located along major roads.
Advisors
DC Advisory acted as financial adviser to Antin, Kirkland & Ellis acted as legal adviser to Antin while Bain acted as a commercial adviser, Alvarez & Marsal as a financial & tax diligence adviser, and Mott MacDonald provided technical due diligence. Greenhill is serving as financial adviser to Wildstone on its sale by DigitalBridge, Linklaters is serving as legal adviser to DigitalBridge, Lewis Silkin is serving as legal adviser to Wildstone, and PwC is acting as financial & tax adviser to Wildstone.
The transaction is expected to close in Q3 of 2022.
In June 2020, DigitalBridge (then Digital Colony) completed a combination of some of a portfolio of premium outdoor media assets, forming the entity Wildstone, where they invested US$ 358 million of capital. These assets through a series of moves included Wildstone Capital, Wildstone Asset Management, Wildstone Estates, Wildstone Promote, and Insite Poster Group.