A new investment firm set up to invest in data centres, towers and other digital infrastructure has completed its initial public offering.
Digital 9 Infrastructure raised £300m in the listing on the London Stock Exchange’s specialist fund segment, scaled back from an initial target of £400m when plans for the listing were first announced.
The company, managed by Triple Point Investment Management, will now acquire Aqua Comms, which owns 14,300km of trans-Atlantic, sub-sea fibre systems.
Thor Johnsen, head of digital infrastructure at Triple Point Investment Management, said: “We have collectively experienced the digital transformation in our society over the past few decades – and particularly in the past 12 months – and we believe we are at the dawn of a broader transformation.
Together with the initial cornerstone investment into Aqua Comms, D9 will be focused on global investment into the critical infrastructure, driving this unstoppable force of change. Importantly, at the heart of the D9 investment thesis will be ESG considerations of digital inclusion and environmental impact.”
Johnsen said the company has a “deep pipeline of assets” it is targeting for further acquisitions.
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