数字基础设施市场更新

Q4 2024 01Houlihan LokeyOverview04Featured Q4 2024TransactionsTable of Contents 03Key NewsStories06Appendix 02Key Industry Trendsby Sector05Public Markets Overview Houlihan Lokey Overview Digital InfrastructureIndustry UpdateQ4 20244Dear Clients and Friends,Houlihan Lokey is pleased to present its DigitalInfrastructure Industry Update for Q4 2024. We haveincluded topical news stories, transaction announcements,public markets valuation data, and industry insights to helpkeep you abreast of this dynamic and constantly evolvingindustry.Houlihan Lokey now has ~40 financial professionalsbetween the U.S. and Europe covering the digitalinfrastructure sector.This update also includes the latest from Houlihan Lokey’sCapital Markets team, one of the largest and most activenon-balance-sheet placement agents on Wall Street. TheCapital Markets Group brings real-time knowledge of andinsight into what is achievable in today’s volatile marketsbased on recent and in-process financing transactions.We hope you find this quarterly update to be informativeand that it serves as a valuable resource to you. If there isadditional content you would find useful for future updates,please do not hesitate to call or email us with yoursuggestions.Regards,Houlihan Lokey’s Digital Infrastructure Team Mergers andAcquisitionsCorporate ValuationAdvisory ServicesCapital MarketsTransactionAdvisory ServicesBoard AdvisoryServicesDispute ResolutionServicesFinancialRestructuringTransactionOpinionsPortfolio Valuationand Fund OpinionsOur Service Offerings Clayton FunkManaging DirectorCFunk@HL.com+1 816.820.0169Max GilbertManaging DirectorMax.Gilbert@HL.com+44 (0) 78 2499 7547Gregg NewmanManaging DirectorCapital MarketsGNewman@HL.com+1 646.221.8141Greg WidroeManaging DirectorGWidroe@HL.com+1 916.425.9659Charlie HartwickSenior Vice PresidentFinancial SponsorsCHartwick@HL.com+1 310.788.5394 Bill FanningManaging DirectorBFanning@HL.com+1 415.205.7242Chris GodsmarkManaging DirectorChris.Godsmark@HL.com+44 (0) 79 7040 6784Brian PryorManaging DirectorBPryor@HL.com+1 650.996.7295Mario MannaManaging DirectorCapital MarketsMario.Manna@HL.com+1 203.253.5685Sean HewDirectorSHew@HL.com+1 305.877.8807 Jason HillCo-Head of U.S. Tech, GlobalHead of Digital InfrastructureJDHill@HL.com+1 617.947.7295Christian MaherManaging DirectorChristian.Maher@HL.com+44 (0) 79 0024 3308Jesse NicholsManaging DirectorJesse.Nichols@HL.com+1 720.202.1481Sean FitzgeraldManaging DirectorCapital MarketsSFitzgerald@HL.com+1 917.837.0069Ed WirgmanManaging DirectorEd.Wirgman@HL.com+44 (0) 79 1900 4811 Accomplishments2024 in Review5Featured Recent TransactionsThe Digital Infrastructure team ispart of Houlihan Lokey’s globalTechnology Group, with morethan 145 finance professionalsdedicated to delivering superiorresults and outstanding servicein the technology sector.has been acquired bySellside AdvisorHoulihan Lokey continued its position as a leading investment banking advisor to digital infrastructure and connectivitycompanies, having recently advised Kajeet on its growth capital raise from MWP; Bandwidth Logic on its joint venture with astrategic investor; Connect De Moines on its sale to Cologix; Glass Routes on its growth financing from Post Road Group; FocusGroup on its sale to Hg; Colohouse on its acquisition of Hivelocity; Lit Fibre on its sale to CityFibre; Apogee on its sale to BoldynNetworks; INdigital on its sale to Novacap; Surf Internet on its debt raise from DigitalBridge, CPPIB, and Boundary Street; andDigitalBridge-backed VX Fiber on its merger with Freedom Fibre.The Digital Infrastructure team has earned a reputation for providing superior service and achieving outstanding results in M&Aadvisory, capital raising, restructuring, and financial and valuation advisory. A trusted advisor, the group combines extensivemarket capabilities with in-depth industry knowledge to help clients maximize shareholder value. has received an equityinvestment fromExclusive Financial Advisorhas sold a portfolio of wirelesstowers toExclusive Financial Advisora portfolio company ofhas been acquired bya portfolio company ofSellsideAdvisorUKhas received an equity investmentfromExclusive Financial Advisora portfolio company ofhas been acquired byFinancial Advisorhas been acquired bya portfolio company ofSellsideAdvisorhas acquiredfromBuyside & Financing Advisora portfolio company ofUpsized Senior Secured CreditFacilityGrowth Financing$200,000,000Exclusive Placement Agenthas been acquired bySellside Advisorhas been acquired bySellside Advisora portfolio company ofhas received a new investmentfromSellsideAdvisora portfolio company ofhas been acquired bySellside Advisora portfolio company ofhas combined withBuyside Advisora portfolio company ofhas acquiredBuyside Advisora portfolio company ofhas received a Senior SecuredCredit Facility fromGrowth FinancingExclusive Advisor & Placement Agenthas entered into a joint venture withA Strategic InvestorFinancial Advisor Please let us know if you’d li