Background

  • Antin Infrastructure Partners (Antin) is a leading private equity firm focused on infrastructure investments
  • Wildstone is one of the fastest growing owners of outdoor media infrastructure, with over 3,000 billboards across the UK and Europe, including premium digital billboards located along major roads
  • The Wildstone management team has a proven track record of growing its portfolio by acquiring traditional paper panel assets and upgrading them to next-generation screen technology backed by long-term inflation-linked contracts
  • DigitalBridge Group (DigitalBridge) is a digital infrastructure firm, headquartered in Boca Raton, Florida

Process

  • DC Advisory (DC) was engaged by Antin to provide buy-side M&A advice to support its acquisition of Wildstone from DigitalBridge
  • DC leveraged its extensive experience to contribute to several detailed work streams, including:
    • business plan formulation and analysis;
    • financial modelling and valuation;
    • due diligence coordination;
    • drafting of Investment Committee materials; and
    • supporting negotiations with the seller and its advisers

Outcome

  • On August 2, 2022, Antin entered into a definitive agreement to acquire Wildstone. The transaction is subject to customary closing conditions
  • This transaction demonstrates DC’s ongoing expertise in the Media & Telecom and Infrastructure sectors, and strengthens the firm’s track record in advising on UK infrastructure transactions