Simpson Thacher is representing affiliates of Digital Colony Partners in connection with its signed definitive agreement and plan of merger to acquire Boingo Wireless, Inc. (“Boingo”). Under the terms of the agreement, shareholders will receive $14 in cash per share of Boingo’s common stock in a transaction valued at $854 million, including the assumption of $199 million of Boingo’s net debt obligations. The transaction would result in Boingo transitioning from a public company to a privately held company. The closing of the deal is subject to customary conditions, including regulatory clearance and Boingo shareholder approvals. The transaction is expected to close in the second quarter of calendar 2021.
Boingo Wireless, Inc. (NASDQ: WIFI) is the leading distributed antenna system (“DAS”) and Wi-Fi provider that serves carriers, consumers, property owners and advertisers worldwide.
Digital Colony is a global investment firm dedicated to strategic opportunities in digital infrastructure. The firm was launched in 2018 by Digital Bridge Holdings, LLC, a leading investor in and operator of companies enabling the next generation of mobile and internet connectivity, and Colony Capital, Inc. (NYSE: CLNY) a leading global real estate and investment management firm.
The Simpson Thacher team representing Digital Colony includes David Lieberman, Christopher May, Sung Jin and Zain Rifat (Corporate); Brian Gluck, Leah Nudelman and Simone Worthy (Credit); David Rubinsky, Joo Hyun Lee and Allison Sweeney (ECEB); Ryan Bekkerus, Jonathan Lindabury and Caitlin Wood (Capital Markets); Drew Purcell, Brian Mendick and Suzy Yaster (Tax); Lori Lesser, Genevieve Dorment and Bobbie Burrows (IP); Michael Isby (Environmental); and Dennis Loiacono (Real Estate).