DigitalBridge to Acquire Majority Stake in GD Towers in Partnership with Brookfield Infrastructure
Vinson & Elkins is representing DigitalBridge Group, Inc., a global investment fund that owns, operates and invests across the full spectrum of digital Infrastructure, on its entry into a joint venture with Brookfield Infrastructure for the purpose of acquiring a 51% ownership stake in GD Towers.
GD Towers is Germany’s largest tower company, owning and operating over 33,000 towers and communication sites in Germany and over 7,000 towers and communication sites in Austria. Deutsche Telekom will retain a minority 49% ownership stake in GD Towers following the completion of the transaction.
The transaction values GD Towers at €17.5 billion, and is Germany’s largest and Europe’s second largest transaction this year.
This transaction is the fifth digital infrastructure transaction announced in the last four months alone in which V&E was involved. Such transactions amount to almost $35 billion in aggregate.
The V&E team was led by partner Gabriel Silva and senior associate Miguel Colebrook.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.