DigitalBridge Group, Inc., a global digital infrastructure investment firm, is reportedly considering the sale of a minority stake in Vantage Data Centers, a global provider of hyperscale data center campuses. The deal could raise over $1.5 billion for the infrastructure specialist, Bloomberg reports citing familiar sources.
DigitalBridge is working with UBS Group AG to gauge buyer interest. In addition, the report stated that a stake in Vantage Data Centers would likely draw interest from financial investors and other infrastructure funds.
There is still no guarantee that DigitalBridge will move forward with a formal selling procedure because discussions are still in their early stages, according to the people. Vantage Data Centers couldn’t be reached for comment right away, while representatives from DigitalBridge, UBS, and the latter company declined to do so as well.
Vantage has an established and growing footprint in North America, EMEA and Asia Pacific, with 26 campuses spanning five continents, 12 countries and 18 markets, with IT capacity totaling nearly 1.5GW once all campuses are fully developed.
In 2021, Vantage Data Centers, has entered the Asia-Pacific market, signaling the massive digital consumption in the region. DigitalBridge Investment Management along with participation from other existing investors, contributed an additional $1.5 billion in equity capital, giving a further fillip to the region’s digital ambitions.
