Digital Colony, the global digital infrastructure investment platform of Colony Capital, Inc., completed a recapitalization of one of its portfolio companies, Beanfield Technologies Inc., an independent telecommunications infrastructure provider.
The recapitalization included Beanfield raising an additional $148.5 million in financing through loans made under credit facilities arranged by affiliates of TD Securities (USA) LLC, Royal Bank of Canada and Truist Bank (collectively, the Joint Lead Arrangers).
In connection with the recapitalization, Beanfield also completed a tuck-in acquisition of the fibre business of another Digital Colony portfolio company, Aptum Technologies (formerly Cogeco Peer 1), a global hybrid cloud and managed services provider.
Davies Ward Phillips & Vineberg LLP acted as lead counsel to Digital Colony and its portfolio companies with a team comprising
Cameron Rusaw,
Gilles Comeau,
Stuart Berger,
Diana Bahous (corporate/M&A),
Derek Vesey,
Dan Wolfensohn,
Charles Hébert (banking),
and Paul Lamarre (tax).
Jones Day LLP acted as counsel to Digital Colony and its portfolio companies in the U.S. regarding the financing, with a team comprising
Sheel Patel,
and Krista Mancini (banking).
Paul Hastings LLP acted as counsel to the Joint Lead Arrangers in the U.S. with a team comprising
Randal Palach,
Seth Chandler,
Maciej Zielnik,
and Tess Peterson (banking).