DigitalBridge and IFM Investors Complete $11 Billion Take-Private of Switch
Vinson & Elkins advised IFM Investors in a joint venture with DigitalBridge Group, Inc. whereby funds affiliated with the investment management platform of DigitalBridge and an affiliate of IFM Investors acquired all outstanding common shares of Switch, Inc. for $34.25 per share in cash, or approximately $11 billion, including the repayment of outstanding debt.
The Vinson & Elkins team was led by partners Robert Hughes, Gabriel Silva and Eamon Nolan, with assistance from senior associate David Bumgardner and associates Houston Morgan, Emily Kercheville and Rivers Stephens; partners Lina Dimachkieh and Paige Anderson, senior associate Curt Wimberly and associate Maddie Brown; partner David D’Alessandro and associate Maddison Riddick.
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