Vantage Data Centers, a major global player providing hyperscale data center campuses, has announced a US$ 6.4 Billion equity investment led by investment vehicles managed by DigitalBridge Group, Inc., which is an alternative asset manager that invests in digital infrastructure, and Silver Lake, a global technology investment firm.
According to a press statement, the investment, across North America and Europe, Middle East and Africa (EMEA), is incremental to the recently announced €1.5 Billion to be invested by AustralianSuper in Vantage EMEA and includes expected investment from DigitalBridge and Silver Lake co-investors.
We had reported in October 2023 about how Vantage Data Centers had joined hands with an international consortium of investors to invest € 2.5 Billion to build data centers across Europe, Middle East and Africa (EMEA). The international consortium of investors is led by MEAG and Infranity, along with funds affiliated with the investment management platform of DigitalBridge Group, Inc.
The company stated in a press release, “As part of the company’s investment plan, Vantage’s strategic land bank is expected to drive an estimated $30 billion of additional development, extending Vantage’s track record of bringing market leading capacity and innovative solutions to customers around the world. In connection with the investment, Vantage will continue its development of next-generation data centers, including energy-efficient and sustainable designs purpose-built for AI and large-scale cloud deployments.”
“We are delighted that Silver Lake is joining DigitalBridge to support Vantage’s continued expansion across North America and EMEA,” said Sureel Choksi, president and CEO of Vantage. “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.”
“We are excited about supporting the next chapter of Vantage’s growth in partnership with Silver Lake,” said Jon Mauck, senior managing director at DigitalBridge, who leads the company’s data center investment strategy. “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.”
“We are proud of what we pioneered when we launched Vantage, and we are thrilled to invest and partner again with this exceptional management team alongside DigitalBridge to drive the next generation of energy-efficient, hyperscale data center leadership,” said Greg Mondre, co-CEO and managing partner, and Lee Wittlinger, managing director, of Silver Lake. “Silver Lake is committed to bringing to bear the depth and breadth of our specialized 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.”
The transactions are expected to close in the first quarter of 2024, subject to customary closing conditions.
