Merlin Properties to raise up to 94 million new shares for data centres
Spanish real estate group Merlin Properties Socimi SA has announced its intention to conduct an accelerated bookbuilding process, issuing approximately 94 million new shares, representing 20% of its existing share capital. The capital-raising would be targeted at financing the construction and o...
July 26
Tillman FiberCo, LLC raises $1bn to fund Florida fiber network
Developer of fiber infrastructure Tillman FiberCo, LLC has closed US$815 million in committed debt financing. The financing will support the deployment of fiber-to-the-home (FTTH) networks throughout Florida, with the new credit facility providing for up to US$200 million of additional term loans. The capital infusion follows on from Tillman Fiber's Florida expansion ear...
July 25
VNET Group to dissolve special committee after founder’s withdrawal of privatisation proposal
Chinese data centre operator VNET Group, Inc. (Nasdaq: VNET) said its special committee of the company's board of directors received a letter dated July 10, 2024 from Josh Sheng Chen, Founder, Co-Chairperson and interim Chief Executive Officer of VNET, stating that he had determined not to proceed with his preliminary non-binding proposal dated September 13, 2022 to acquire al...
July 12
Blackhorn Ventures closes on third investment vehicle to support industrial transformation
Blackhorn Ventures has closed its third investment vehicle, the Blackhorn Ventures Industrial Impact Fund II, LP (IIF II). The group amassed US$150 million in commitments and the fund’s focus is on seed and Series A stage investments within the digital infrastructure segment which is being utilised in energy transition.IIF II will channel its resources into software solut...
July 08
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