Melody Capital Management, LLC is a registered investment adviser that manages private investment funds that own Melody Wireless Infrastructure, Inc. For more information, please visit Sculptor Capital’s website (Investor Relations Contact Sculptor Real Estate has invested in over $14.6 billion of real estate assets across 25 different real estate related asset classes, including direct equity investments, preferred equity structures, senior loans, mezzanine loans, ground leases and other credit investments. Orbuch in 2003 to make investments in real estate and real estate related assets across North America and Europe. Sculptor Real Estate (“SRE”) was founded by Steven E. For more information, please visit Diamond’s website (Diamond Contact Diamond’s institutional investors include the John Hancock Infrastructure Fund and SRE. Diamond has longstanding relationships with the major wireless carriers, regional carriers, first responders, and other wireless users. Diamond has offices throughout the country and manages over 290,000 properties and structures in all fifty states. Bryan Cave LLP served as legal advisor to SRE.ĭiamond was founded in 2006 and owns/manages over 2,000 tenanted wireless communication sites in the United States. Goldman Sachs served as financial advisor and Hogan Lovells US LLP served as legal advisor to Melody. Morgan, Lewis & Bockius LLP served as legal advisor to Diamond. The purchase price is for $1.625 billion, subject to certain adjustments and other conditions of the Stock Purchase Agreement.īarclays served as financial advisor to Diamond and provided committed debt financing in connection with the transaction. The closing of the transaction is subject to customary closing conditions and is expected to be consummated by June 2021. Omar Jaffrey, a co-founder of Melody, who led Melody’s efforts, said “I am pleased that we have found a great home with Diamond and Sculptor for an exceptional pool of wireless infrastructure assets and business that we built over seven years while delivering great value for our investors.” We are also excited to build on our relationship with Sculptor, which has supported Diamond from our founding in 2006.” The Melody assets complement Diamond’s existing portfolio and positions Diamond to drive long-term organic growth and significantly enhance our customer relationships. “This transaction is transformational for our business and will further solidify Diamond’s position as one of the largest privately held wireless infrastructure companies in the United States. “Melody has built a great company with a diverse group of assets,” said Ed Farscht, Diamond’s Chief Executive Officer. Steven Orbuch, President of SRE, said, “We are excited to be continuing our 15-year relationship with Diamond, investing in the wireless infrastructure sector, and we commend the Melody team on the quality of the assets that they have assembled.” footprint of owned and managed wireless collocation properties nationwide. The acquisition significantly enhances Diamond’s U.S. These sites include a combination of rooftop installations, communication towers and ground leases under communication towers located throughout the U.S. REIT that owns a portfolio of approximately 2,300 tenanted wireless communication sites. SRE is Diamond’s long-time partner and founding shareholder of Diamond. (NYSE: SCU) (“Sculptor Capital”) today announce that investment funds affiliated with Sculptor Real Estate (“SRE”) and Diamond have entered into a definitive Stock Purchase Agreement with investment funds managed by Melody Capital Management, LLC (“Melody”) to acquire Melody Wireless Infrastructure, Inc. NEW YORK, NY and SHORT HILLS, NJ, Diamond Communications LLC (“Diamond”), one of the largest privately-owned tower companies in the U.S., and Sculptor Capital Management, Inc. DIAMOND COMMUNICATIONS AND SCULPTOR REAL ESTATE TO ACQUIRE MELODY WIRELESS INFRASTRUCTURE FOR $1.625 BILLION
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