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...
Hyperscale
DigitalBridge, IFM buy Switch, Inc in mega $11bn deal
Digital Infrastructure investor DigitalBridge Group, Inc. (NYSE: DBRG) is to acquire Nevada-based exascale data centre operator Switch, Inc. (NYSE: SWCH) in a deal valued at US$11 billion. This is the second largest data centre acquisition to date, only behind KKR and Global Infrastructure Partn...
May 11
Switch’s revenue grows 26% as DigitalBridge, Brookfield race to buy $7bn mega operator
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
Quantum Loophole sells first plot on 2,000-acre data centre campus
US operator Aligned Data Centers has become the first player to sign an agreement to acquire land, power, and water at Quantum Loophole’s Frederick County, Maryland data centre campus, one of the largest under development in the world. The agreement provides Aligned with additional expansion capacity, enabling rapid scale to meet the needs of its customers. Frederick C...
May 11
Quaero Capital targets Northern Europe for data centre expansion
Asset management company Quaero Capital is to finance the construction of a new data centre facility in the Latvian capital, in Northern Europe. The asset will be built by operator DEAC, owned by Quaero European Infrastructure Fund II, an infrastructure investment fund managed by Quaero Capital. The new Riga data centre will have a capacity of up to 1000 server racks and...
May 08
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