Digital Colony Management LLC, a global digital infrastructure investment firm, has entered into a definitive agreement to acquire Landmark Dividend LLC, a real estate and infrastructure acquisition and development company. LD owns, among other things, 100 percent of the membership interests in the general partner of Landmark Infrastructure Partners LP and 13.2 percent of the common units representing limited partner interests in LMRK.
Steven M. Sonnenstein, senior managing director at Digital Colony, said, “The acquisition of LD is our first strategic step to secure a stronger future for LD and its various affiliated entities, including LMRK. We look forward to working with the LD team to advance our shared mission of acquiring and managing critical digital infrastructure assets that deliver quick, reliable and responsive service for customers.”
“As a recognized leader in the digital infrastructure space with a proven track record, we believe the Digital Colony team’s expertise is crucial to advancing our strategy in today’s rapidly evolving market,” said Tim Brazy, chief executive officer at LD. “We are confident this acquisition by Digital Colony will position us to accelerate our pursuit of strategic consolidation in our fragmented industry and drive growth over the long-term.”
TAP Advisors is serving as financial advisor to Digital Colony, and Simpson Thacher & Bartlett LLP is serving as legal advisor to Digital Colony. RBC Capital Markets LLC is serving as exclusive financial advisor to LD, Latham & Watkins LLP is serving as legal advisor to LD, and Regions Securities LLC, as LD’s existing financing bank, is supporting the transaction.