Deals
Tom Barrack-Backed Digital Colony Weighs Bid for Zayo
- Partnership of Colony Capital, Digital Bridge working with EQT
- Zayo shares surge after company says it’s evaluating options
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Digital Colony, a communications infrastructure-focused firm formed by Tom Barrack’s Colony Capital Inc. and Digital Bridge Holdings LLC, is part of a potential buyer group weighing a bid for Zayo Group Holdings Inc., according to a person with knowledge of the matter.
The group, led by Digital Colony and investment firm EQT, has fully committed debt financing, said the person, who asked not to be named because the matter is private. A Digital Colony representative didn’t immediately respond to a request for comment, and an EQT representative declined to comment.