Vantage Data Centers says it has reached an agreement with a consortium of investors that will help fund expansion initiatives in Europe, the Middle East, and Africa (EMEA). Funds affiliated with the investment management platform of DigitalBridge Group, Inc., MEAG (the asset manager of Munich Re Group), and Infranity, as well as other investors, have pledged money that values the “Investment Partnership” at approximately €2.5 billion (approximately $2.7 billion), including Vantage’s stake.
Formation of the Investment Partnership should conclude in the current calendar quarter, subject to satisfaction of certain closing conditions, including the receipt of certain regulatory approvals.
Founded in 2010, Vantage Data Centers builds and operates hyperscale data centers in North America, EMEA, and Asia Pacific. In EMEA, the company operates two data centers in Berlin, another two in Frankfurt, plus single sites in Cardiff, Milan, Warsaw, and Zurich. Vantage Data Centers announced this past January plans to build a new facility in London as well (see “Vantage Data Centers plans London hyperscale data center campus”).
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