Why data is the ‘oil’ of modern M&A
Merger and acquisitions (M&A) are big in tech and have been so in the digital infrastructure space. So much so that the market often says there is way more...
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The highly-anticipated nominees list for this year’s edition of The Tech Capital Awards has been revealed. The Tech Capital Awards have been designed to recognise the many talented individuals, teams and companies operating in the global digital infrastructure finance, investment, legal, devel...
May 11
US megascale data centre operator Switch, Inc. (NYSE: SWCH) has reported consolidated first quarter 2022 revenue of US$164.6 million, increasing 26% compared to the first quarter of 2021. Excluding Data Foundry revenue of US$12.3 million, Switch first-quarter revenue totalled US$152.3 million, representing 16% organic growth compared to the year ago quarter. Adjusted EBI...
May 11
Talen Energy Corporation (TEC) has carried out a recapitalisation transaction that is expected to contribute towards the financial positioning of its Talen Energy Supply LLC (TES) subsidiary. The transaction will include a new equity investment of up to US$1.65 billion, which will accelerate TES' clean power transformation, advance carbon-free data centre growth initiatives...
May 11
Zayo Group Holdings, Inc. has completed the marketing of a US$750 million sustainability-linked first lien term loan (ESG Term Loan), the first ESG-linked term loan raised by a U.S. bandwidth infrastructure company. The transaction highlights Zayo’s market leadership and continued commitment to ESG, and properly aligns investors with the company’s ESG ambitions. As p...
May 10