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Zayo Group

active

Telecom / Fiber — Digital Colony (DigitalBridge) / EQT

Deal Terms

Entry Year2020
Entry EV$14.3B
Entry Multiple14x
Leverage7x
Debt Amount$5.9B

Risk Metrics

LTV (est.)41%
Debt / EV0.41x

Notes

$14.3B take-private — largest PE telecom deal since 2008. $8.2B equity, $5.9B assumed debt. 209,000km fiber network. Largest syndicated PE investment of its era. Fiber infrastructure is PE's dream: recurring revenue, high barriers. But $14.3B entry price and $5.9B debt create refinancing risk in higher-rate environment.

Sponsor

EQT AB$130B AUM