Generali-backed infrastructure investor Infranity has provided Nordic data centre company Borealis Data Center (BDC) with a $135m (€130m) loan.
BDC, a data centre operator with locations in Iceland and Finland, is 92.2% owned by Vauban Infrastructure Partners through its Core Infrastructure Fund III fund, which acquired the stake in 2021.
Vauban said Infranity’s loan is part of a $148m debt-financing package for BDC, which also includes funding from Arion Bank.
Georgios Tzimas, investment director at Infranity, said: “This transaction not only underscores our commitment to supporting and financing essential digital infrastructure but also reflects our thesis around long-term, resilient investments in companies and assets that drive both technological advancement and sustainable stewardship.”
Bjorn Brynjulfsson, co-founder and CEO at BDC, said: “Our strategy for growth is rooted in delivering exceptional value to our customers while attracting those with increasingly sophisticated requirements.
“As the industry evolves rapidly, we are committed to staying ahead of future demands and equipping our facilities to meet the needs of the most advanced workloads in a sustainable manner.
“Beyond a vote of confidence, this financing from Infranity and Arion enables us to further accelerate this strategy and advance our capabilities.”
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