Funds managed by DigitalBridge and Silver Lake have led a $6.4bn (€5.8bn) investment into global hyperscale data centre campuses provider Vantage Data Centers.
Vantage Data Centers said the equity investment, in addition to the recently announced €1.5bn to be invested by AustralianSuper in Vantage EMEA will help accelerate and extend the firm’s “strategic capabilities across North America and EMEA”.
Silver Lake launched Vantage Data Centers in 2010 as a single data centre campus in Santa Clara, California. In 2017, a DigitalBridge-managed vehicle acquired Vantage Data Centers which has grown into a global business with 32 operational or developing hyperscale data centre campuses across five continents.
Sureel Choksi, president and CEO of Vantage Data Centers, said: ”Cloud computing, AI and related technologies are driving unprecedented demand for digital infrastructure. The market opportunity in front of us is extraordinary, and we are excited to chart our next phase of growth with two premier investors who have been great partners to us and have an unmatched understanding of our global technology customers and their infrastructure needs.”
Jon Mauck, senior managing director at DigitalBridge, said: “We believe the combination of DigitalBridge’s unparalleled insight into the digital infrastructure landscape and Silver Lake’s technology focus creates a unique partnership to further enable Vantage’s strategic expansion and long-term growth plan.
“Vantage is a critical partner to the leading cloud and technology platforms globally and is well positioned to continue to support accelerating adoption of cloud- and AI-based technologies.”
Greg Mondre, co-CEO and managing partner, and Lee Wittlinger, managing director of Silver Lake, said: ”Silver Lake is committed to bringing to bear the depth and breadth of our specialised expertise across the technology landscape to strengthen Vantage’s partnerships with the world’s biggest and most sophisticated technology companies and continue to meet their most challenging data center needs.”
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