Alternative asset manager DigitalBridge to buy ArcLight for up to $1.05 billion
Alternative asset manager DigitalBridge to buy ArcLight for up to $1.05 billion May 27 (Reuters) - Alternative asset manager DigitalBridge DBRG.N said on Wednesday it has agreed to buy ArcLight Capital Partners, a specialist investor in power and electric infrastructure, in a deal valued at up to $1.05 billion.
The terms include a base purchase price of $650 million, with an additional $400 million in contingent consideration, the company said.
(Reporting by Manya Saini in Bengaluru;)
((Manya.Saini@thomsonreuters.com; X: manya__saini;))
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