Houlihan Lokey Advises DigitalBridge

Houlihan Lokey is pleased to announce that Digita Group (Digita), being Digita Oy in Finland and ÍslandsTurnar in Iceland, backed by funds managed by an affiliate of DigitalBridge Group, Inc. (NYSE:DBRG; DigitalBridge), has reached an agreement to be acquired by GI Partners. The transaction is expected to close in the first quarter of 2026.

Digita is one of the largest independent, diversified tower companies in the Nordics, with nationwide tower portfolios across both Finland and Iceland. It is also essential for the Finnish population through its longstanding partnership with Yle, the nation’s public TV and radio broadcaster.

Since 2018, Digita has been owned by funds managed by an affiliate of DigitalBridge. Under DigitalBridge’s ownership, Digita evolved into a scaled, diversified tower and broadcast infrastructure platform, expanding from approximately 200 tower sites to more than 950, while accelerating growth in its Data Centre and Internet of Things (IoT) platforms.

Digita will continue to operate as an independent company within GI Partners’ portfolio, leveraging GI Partners’ support, expertise, and experience. This partnership will enable Digita to continue serving its clients to the highest standard while also accelerating growth.

Vesa Tykkyläinen, CEO of Digita, said, “We are extremely grateful to DigitalBridge for the resources and expertise it has provided throughout its investment period. Its support and guidance have been instrumental in helping us to invest in the critical infrastructure in Finland while diversifying and scaling the business, which is positioned for further compelling growth. We are excited for our new partnership with GI Partners and look forward to continuing to grow and achieve our ambitions together.”

Zach Gellman, Principal at DigitalBridge, said, “We appreciate the partnership with Vesa and the Digita team and the progress made under DigitalBridge’s ownership. GI Partners is well-positioned to lead Digita through its next phase of growth.”

Matt Barker, Managing Director and Head of GI Data Infrastructure Europe at GI Partners, added, “We are excited to be making this platform investment to support Digita and its management team on the next stage of the company’s growth. We recognise the role that Digita plays in providing critical communication and connectivity services to the populations of Finland and Iceland and see great opportunity to further expand the platform as an independent tower company, and operator of high-quality data centres and IoT networks.”

Houlihan Lokey served as the exclusive financial advisor to DigitalBridge.

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