Vantage Data Centers has completed a $9.2bn (£7.2bn) equity investment led by global alternative asset manager DigitalBridge and technology investor Silver Lake.
The capital raise was oversubscribed and upsized by $2.8bn with participation from multiple global investors, said Vantage.
The group said that with a €1.5bn (£1.3bn) investment secured by Australian Super last September, the group now had $11bn to spend on funding its growth across North America and EMEA.
Vantage has more than 25 sites in North America and EMEA totalling more than three gigawatts of expected capacity. As part of the company’s investment plan, the new funding is expected to accelerate further growth by driving an estimated $30bn of additional development.
“It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA,” said Sureel Choksi, president and chief executive of Vantage. “The confidence that DigitalBridge, Silver Lake and other investors have in Vantage and our ability to execute, as evidenced by an investment round that was significantly oversubscribed, is a testament to our team’s track record of delivering for our customers.
“This new funding from the world’s leading digital infrastructure and technology investors, along with numerous co-investors, is a game-changer that uniquely positions Vantage to capitalise on the incredible AI and cloud opportunity in front of us.”
Earlier this month, Vantage raised £600m in the first securitisation of data centre assets in EMEA. Led by Barclays and Sumitomo Mitsui Banking Corporation Nikko Capital Markets, that investment is to be used to refinance £480m of debt for two facilities on Vantage’s 148MW Cardiff campus.
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