Vantage Data Centers has successfully closed a $9.2 billion equity investment led by DigitalBridge and Silver Lake. This significant capital raise was oversubscribed and increased by $2.8 billion with participation from multiple global investors. Over the past nine months, Vantage has raised a total of $11 billion, positioning the company to drive $30 billion in data center development to meet the growing demand for cloud and AI infrastructure.
Growth and Expansion Plans
Since its acquisition by DigitalBridge in 2017, Vantage Data Centers has expanded its global footprint, now operating 25 sites across North America, EMEA, and Asia Pacific, with a total capacity of more than 3GW. The recent equity investment will support growth in North America and EMEA and foster new partnerships with global hyperscalers.
Key Developments and Upcoming Projects
- Japan Data Center Campus: Vantage has commenced construction on its first data center campus in Japan, which will offer up to 68MW of capacity to support cloud and high-density deployments.
- Dublin Expansion: The company plans to invest over €1 billion in a new data center campus in Dublin, expected to be operational by the end of the year with 52MW of IT capacity.
- Zurich Data Center: Vantage has announced the development of a second data center campus in Zurich, designed to meet increased performance and energy demands driven by AI and high-performance computing (HPC) workloads.
Our very own Arpen Tucker, senior business development manager, UK, discusses the rising trend of cloud repatriation and hybrid cloud solutions in his new article with @IntDataCentres. https://t.co/nz3iE3dPR8 #DataCenter #Colocation #CloudRepatriation #HybridCloud pic.twitter.com/wwQyfqoMFn
— Vantage Data Centers (@VantageDC) June 17, 2024
Insights from Industry Leaders
Jon Mauck, Senior Managing Director at DigitalBridge, commented:
“DigitalBridge is excited to continue its support of Vantage, a proven infrastructure partner for the world’s top cloud and technology platforms.”
Sureel Choksi, President and CEO of Vantage, added:
“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 capitalize on the incredible AI and cloud opportunity in front of us.”
Recent Financial Moves
In addition to this equity investment, Vantage secured approximately $813 million last month from Ares Management’s Infrastructure Debt and Alternative Credit strategies, CDPQ, and Schroders Capital’s Private Debt and Credit Alternatives to expand its EMEA platform. This financing adds to the company’s aggressive expansion plans to meet the soaring demand for data infrastructure.
Ares, @LaCDPQ and @Schroders Capital have agreed to provide up to EUR 750 million in financing to expand @VantageDC's EMEA platform. More on this transaction in the full release. #PrivateCredit
— Ares Management (@ares_management) May 16, 2024
Preparing for the Future of Cloud and AI
With this substantial investment, Vantage Data Centers is well-positioned to accelerate its development of next-generation infrastructure, supporting the rapid adoption of cloud and AI technologies across the globe. The commitment from leading investors underscores Vantage’s pivotal role in the digital transformation landscape.
We encourage our readers to share their thoughts and comments on Vantage Data Centers’ ambitious plans and the impact of such investments on the future of cloud and AI infrastructure.
Photo by Christina @ wocintechchat.com on Unsplash
