In a move that strengthens its position in the Japanese digital infrastructure market, DigitalBridge Group, Inc. (NYSE: DBRG), a leading digital infrastructure investment firm, has successfully completed a public offering to acquire the majority of shares in JTOWER Inc. (TSE: 4485). This acquisition, carried out through DB Pyramid Holdings, LLC, a special entity owned by funds managed by DigitalBridge’s investment platform, has allowed the firm to acquire a 75.62% stake in JTOWER for a value of 70.1 billion yen.
Headquartered in Boca Raton, Florida, DigitalBridge announced that it will take JTOWER private. Once this process is completed, which is expected to conclude in the first quarter of 2025, the only shareholders of JTOWER will be the Offeror itself and Cultive, the asset management company led by Atsushi Tanaka, representative of JTOWER. This decision marks a significant milestone for DigitalBridge in its expansion in Asia, especially in the dynamic digital infrastructure market of Japan.
Justin Chang, Senior Managing Director and Head of Asia at DigitalBridge, expressed the firm’s excitement about this strategic investment. “We are thrilled to consolidate our investment in JTOWER, a leader in the digital infrastructure sector in Japan. This acquisition underscores our confidence in the long-term potential of JTOWER and its key role in advancing next-generation digital networks. We look forward to collaborating with the JTOWER team to accelerate its growth, expand its presence, and enhance connectivity throughout Japan,” Chang stated.
Meanwhile, Atsushi Tanaka, Representative Director of JTOWER, highlighted the benefits of the alliance with DigitalBridge. “We enter the next phase of JTOWER’s growth with the backing of DigitalBridge, a global leader in digital infrastructure investment. With their strategic expertise and financial support, JTOWER is well positioned to enhance its clients’ capital efficiency and promote the advancement of shared infrastructure in Japan,” Tanaka affirmed.
This acquisition not only strengthens DigitalBridge’s global portfolio of digital infrastructure assets, but also reinforces its commitment to innovation and growth in key markets. The company, which manages over $84 billion in digital assets, aims to boost JTOWER’s leadership in the Japanese market, addressing the growing demand for digital infrastructure in the region.
About DigitalBridge
DigitalBridge is a global alternative asset manager focused on digital infrastructure. With over 25 years of experience in digital ecosystem investments, including telecommunications towers, data centers, fiber, small cells, and edge infrastructure, DigitalBridge manages a wide range of assets on behalf of its partners and shareholders.
About JTOWER
JTOWER is a leading provider of shared telecommunications infrastructure in Japan, specializing in the development and management of telecommunications towers and in-building solutions (IBS). Its mission is to enhance connectivity and efficiency of mobile networks, supporting mobile network operators through infrastructure sharing solutions.
Source: DigitalBridge