ADIA Acquires 40% Stake in Landmark Dividend
DigitalBridge Group, Inc. announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will acquire a 40% stake in Landmark Dividend LLC.
Landmark Dividend LLC, a company specializing in acquiring and developing real estate and infrastructure, with a focus on wireless communication, digital infrastructure, outdoor advertising, and renewable power industries, has secured a substantial investment from ADIA and DigitalBridge-sponsored entities. This funding will support Landmark's ongoing growth initiatives. The transaction is subject to regulatory approvals and is anticipated to be finalized in the first half of 2024.
TAP Advisors is acting as the financial advisor to DigitalBridge, while Simpson Thacher & Bartlett, LLP is providing legal counsel to DigitalBridge. Gibson Dunn is serving as the legal advisor to ADIA.
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