Vantage Data Centers, a Denver, CO-based global provider of hyperscale data center campuses, received a $9.2 Billion equity Investment.
The investment was managed by DigitalBridge Group, Inc. (NYSE: DBRG) and Silver Lake. The capital raise was upsized by $2.8 Billion with participation from multiple global investors, bringing the completed investment to $9.2 Billion. Together with the €1.5 Billion investment by Australian Super announced in September 2023, aggregate new investment in Vantage over the past nine months totals approximately $11 Billion, of which more than $7 billion is primary equity.
Update 28/06/2024: GiantLeap Capital participated in the round.
Primary proceeds will be used to fund Vantage’s growth across North America and EMEA, accelerating and extending the company’s strategic capabilities to partner with global hyperscalers in meeting unprecedented cloud and AI demand.
Led by President and CEO Sureel Choksi, Vantage Data Centers empowers, cools, protects and connects the technology of hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, it has evolved data center design in innovative ways to deliver gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands. Vantage Data Centers’ portfolio includes 34 operational or developing hyperscale data center campuses across five continents.
Commenting on the news, Sureel Choksi said: “The confidence that DigitalBridge, Silver Lake and other investors have in Vantage and our ability to execute, as evidenced by an investment round that was significantly oversubscribed, is a testament to our team’s track record of delivering for our customers. This new funding from the world’s leading digital infrastructure and technology investors, along with numerous co-investors, is a game changer that uniquely positions Vantage to capitalize on the incredible AI and cloud opportunity in front of us.”
FinSMEs
13/06/2024