DigitalBridge, Silver Lake Invest $6.4B in Vantage Data Centers
DigitalBridge, a digital infrastructure investor, and technology-focused private equity firm Silver Lake plan to invest $6.4 billion in hyperscale data center campus developer Vantage Data Centers.
The investment is across North America and EMEA, with Vantage saying it will “accelerate and extend” the company’s capabilities across those geographies to meet growing cloud and AI demand.
The investment is incremental to the recently announced €1.5 billion to be invested by pension fund AustralianSuper in Vantage EMEA. The transactions are expected to close in the first quarter of 2024.
Vantage was launched by Silver Lake in 2010. A DigitalBridge-managed vehicle acquired Vantage in 2017 in a deal that valued the data center company at $1 billion at the time. The company has 32 hyperscale data center campuses across five continents.
As part of the company’s investment plan, Vantage’s strategic land bank is expected to drive an estimated $30 billion of additional development.
“Cloud computing, AI and related technologies are driving unprecedented demand for digital infrastructure,” noted Sureel Choksi, president and CEO of Vantage.
Pictured: Data center on company’s Phoenix, AZ campus.