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In just over a year, the Vantage portfolio has seen $7 billion in equity capital being used in partnerships, acquisitions, and largescale expansion.
Founder and Editor, The Tech Capital
October 01, 2021 | 3:31 PM BST
Digital infrastructure REIT DigitalBridge (NYSE: DBRG) has acquired a hyperscale data centre in Santa Clara, California, for a cash consideration of US$539 million.
The CA22, 24MW facility will be added to the Vantage SDC (Stabilized Data Centers) platform and will be funded primarily through existing and new Vantage SDC debt facilities and cash on hand.
The centre is located in Vantage Data Center’s CA2 campus next to Vantage SDC’s fully-owned CA21 facility.
The transaction represents Vantage SDC’s first hyperscale data centre acquisition since its formation in July 2020 through a $3.5 billion strategic partnership between Vantage Data Centers and a DigitalBridge-led investor group.
Vantage Data Centers will continue to manage and operate CA22 as part of its global data centre footprint.
The transaction extends Vantage SDC’s footprint to 13 stabilised hyperscale data centres across North America and expands capacity by 14% to 177MW.
Marc Ganzi, President and CEO of DigitalBridge, said: “DigitalBridge’s commitment to supporting the growth of its portfolio companies while serving the growing need for hyperscale data centres remains strong.
“This transaction not only advances Vantage SDC’s strategic plan to grow its portfolio of stabilized data centres, but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns for investors.”
TD Securities acted as Sole Lead Arranger and Bookrunner on a $105 million Term Loan supporting the transaction.
Based in Boca Raton, Florida, DigitalBridge manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders.
The company has been instrumental in Vantage’s expansion across North America as well as in Europe and Asia.
In July, the company announced a $2 billion expansion roadmap to build its infrastructure footprint across Europe.
More recently, in September, the operator debuted in APAC through two acquisitions, in a play financially backed by DigitalBridge Investment Management.
Vantage raised $1.5 billion in equity capital allowing it to acquire hard assets from Agile Data Centers and PCCW’s Data Center Business (PCCW DC) in Tokyo, Osaka, Melbourne, Hong Kong and Kuala Lumpur.
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