Shortlist announced for The Tech Capital Global Awards 2023
London, UK, Apr. 18, 2023 – The Tech Capital, a digital media, reports, and events platform providing valuable daily content and data covering investment and...
Bain Capital bid for Chindata values data centre company at $3bn
Chinese hyperscale data centre operator Chindata Group Holdings Limited said its board of directors has received a preliminary non-binding proposal letter, dated June 6, 2023, from BCPE Bridge Cayman, L.P. and BCPE Stack Holdings, L.P. (collectively, the “Bain Shareholders”), proposing to acqui...
June 08
REIT Digital Realty raises $1bn to fund data centre investment activity
US data centre REIT Digital Realty (NYSE: DLR) has raised approximately US$1.1 billion of gross proceeds from the sale of approximately 11 million shares issued under the company's at-the-market (ATM) program, including 3.5 million shares to be issued pursuant to forward sales agreements. The operator said it expects to use the combined proceeds from the asset sale and ATM ...
June 06
Cyxtera handed $200m lifeline as it officially files for bankruptcy
US data centre company Cyxtera (NASDAQ: CYXT) has officially filed for bankruptcy whilst it has secured a new lifeline debtor-in-possession financing worth US$200 million to help it navigate the process. The Miami, Florida-based group said in a note to markets that pursuant to the previously disclosed Restructuring Support Agreement (RSA) it reached with certain of its lend...
June 05
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