Deals
Legion Wants DigitalBridge to Sell If Turnaround Falls Short
- Activist investors says company could triple value in 2 years
- Digital infrastructure firm says approach is delivering value
Cell towers.
Photographer: Patrick T. Fallon/AFPThis article is for subscribers only.
Activist investor Legion Partners Asset Management has built a position in DigitalBridge Group Inc. and believes the digital infrastructure company should consider a sale if current efforts fail to deliver value to shareholders.
Legion Chief Investment Officer Chris Kiper said he supports DigitalBridge’s leadership under Chief Executive Officer Marc Ganzi and its moves to transform the company over the past two years. He estimates the company could triple in value in the next two years as it continues to raise new funds.