Vantage Data Centers secures $6.4bn investment led by DigitalBridge and Silver Lake

Vantage Data Centers, a globally recognized provider of hyperscale data center campuses, has announced a substantial $6.4 billion equity investment. The investment is led by prominent entities in the digital infrastructure space: DigitalBridge Group, Inc. (NYSE: DBRG), a leading global alternative asset manager dedicated to digital infrastructure, and Silver Lake, a global leader in technology investing.

This significant investment across North America and EMEA (Europe, the Middle East, and Africa) adds to the recently announced €1.5 billion investment from AustralianSuper in Vantage EMEA. This infusion of funds by DigitalBridge and Silver Lake, along with their co-investors, is set to accelerate Vantage’s strategic expansion. The company aims to meet the soaring demand for cloud computing and Artificial Intelligence (AI) services, aligning with the current global digital transformation.

DigitalBridge and Silver Lake Spearhead $6.4 Billion Investment in Vantage Data Centers

Silver Lake, which initiated Vantage back in 2010 in Santa Clara, California, has been instrumental in developing Vantage’s wholesale data center footprint in Silicon Valley. DigitalBridge, having acquired Vantage Data Centers in 2017, has played a pivotal role in scaling Vantage into a global market leader. Now, Vantage boasts 32 operational or developing hyperscale data center campuses across five continents.

The new investment from DigitalBridge and Silver Lake comes at a time when Vantage is experiencing record growth. This funding is crucial for Vantage’s strategic growth and investment plan, aimed at fulfilling burgeoning customer demand. The company currently owns or controls 25 sites in North America and EMEA, totaling over three gigawatts of expected capacity. Additionally, Vantage’s strategic land bank is poised to drive approximately $30 billion of further development, maintaining its leadership in innovative data center solutions.

Sureel Choksi, president and CEO of Vantage Data Centers, expressed enthusiasm about the partnership: “Cloud computing, AI, and related technologies are driving unprecedented demand for digital infrastructure. We are excited to chart our next phase of growth with two premier investors.”

Jon Mauck of DigitalBridge and Greg Mondre and Lee Wittlinger of Silver Lake also underscored their commitment to supporting Vantage’s growth, highlighting the importance of Vantage’s role in meeting the complex data center needs of global technology platforms.

The transactions are anticipated to close in the first quarter of 2024, pending standard closing conditions. This marks a significant milestone in Vantage Data Centers’ journey towards becoming a global leader in hyperscale data center solutions, with a strong focus on energy-efficient and sustainable designs suitable for AI and large-scale cloud deployments.