Digital Colony Capital, Inc. (“Colony”) acquired Canadian independent bandwidth infrastructure provider Beanfield Technologies (“Beanfield”) for an undisclosed amount. DLA Piper Canada acted as legal advisor to Beanfield.
Beanfield owns and operates the largest private fibre optic network throughout the Greater Toronto Area and provides comprehensive services to over 700 commercial and residential buildings. Beanfield serves the enterprise, carrier and multi-dwelling units markets and has a portfolio which includes 366 route kilometers of pervasive and dense metro fiber infrastructure in Toronto and Montreal and over 76,000 strand kilometers of fiber infrastructure, representing an average of 208 strands per route kilometer. Beanfield also has 541 on-net locations, including 367 commercial locations, 161 multi-dwelling units and 13 data centers. Digital Colony is the global digital infrastructure investment platform of Colony Capital, Inc. (NYSE: CLNY), a leading investor, owner and operator of companies dedicated to mobile and internet connectivity.
The DLA Piper Canada deal team in this transaction was led by Russel Drew and Sydney Kert and included Mackenzie Clark, Rachel Kurtzer and Joanne Pierucci (Corporate), Kevin Fritz (Tax), Michael Richards and Ryan Campbell (Employment and Labour) and Catherine Pawluch (CRTC, Regulatory and Investment Canada Act).