DigitalBridge has sold $59m (€56.6m) in DataBank shares, reducing its stake to 7.8% valued at $486m, as part of the portfolio company’s $600m secondary sale
DigitalBridge said it participated in the US edge data centre platform’s share sale alongside existing investors.
The secondary sale follows an oversubscribed $2bn equity round announced by DataBank in October 2024 to fund new data centre development.
At the time, AustralianSuper committed A$2.2bn (€1.32bn) as part of the equity raise by DataBank, joining shareholders including Swiss Life Asset Managers and the real assets investment arm of French energy firm EDF.
Marc Ganzi, CEO of DigitalBridge, said the share sale “highlights not only the significant value creation we have generated for shareholders by investing alongside our limited partners, but also our commitment to continuously optimise our balance sheet and corporate capital structure”.
“The transaction further enhances our track record of returning and recycling capital to investors, while also maintaining significant exposure, together with AustralianSuper, Swiss Life Asset Managers and our other partners, to the next phase of growth and value creation at DataBank, driven by strong AI-led demand for more data centre power and capacity,” he added.
DataBank, the largest edge data centre operator in the US, has a portfolio consisting of more than 65 data centres and 20 interconnection hubs in more than 27 markets.
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