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Vantage Data Centers Completes the $9.2 Billion Equity Investment

Last Updated on 24th June 2024

Vantage Data Centers has completed a USD 9.2 billion equity investment with the help of investment vehicles run by DigitalBridge Group and Silver Lake. Numerous international investors participated in the capital raise. Additionally, the fund was vastly oversubscribed and upsized by USD 2.8 billion, bringing the total investment to USD 9.2 billion. DigitalBridge and Silver Lake announced an investment of $6.4 billion to develop vantage data centers across the world

 

 

In connection with the investment, Vantage will continue its development of next-generation data centers, including energy-efficient and sustainable designs purpose-built for AI and large-scale cloud deployments.

 

Together with the USD 1.6 billion investment by AustralianSuper announced in September 2023, aggregate new investment in Vantage over the past nine months totals approximately USD 11 billion, of which more than USD 7 billion is primary equity. The primary proceeds will fund Vantage’s data centers in EMEA  and North America, accelerating and extending the company’s strategic capabilities to partner with global hyperscalers to meet unprecedented cloud and AI demand.

 

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Vantage has grown to own or control more than 25 data centers in North America and EMEA, totaling over three gigawatts of expected capacity in recent years. As part of the company’s investment plan, the new funding is expected to accelerate further growth by driving an estimated USD 30 billion of additional development, extending Vantage’s track record of bringing market-leading capacity and innovative solutions to customers worldwide. 

 

“It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA,” said Sureel Choksi, president and CEO of Vantage.

 


Objectives of Investment

Vantage Data Centers completion of this equity investment has several strategic reasons:

 

Support for Global Hyperscalers: The investment aims to meet the unprecedented demand for cloud services and AI, providing the necessary capital to support global hyperscalers.

 

Expansion and Growth: With the investment, Vantage plans to accelerate its growth across North America and EMEA, regions where digital infrastructure is critically needed to support expanding technology and data needs.

 

Development of Next-Generation Data Centers: The funds will be used to continue the development of innovative data centers that are energy-efficient and sustainable, catering specifically to AI and large-scale data centers worldwide.

 


Read: Microsoft to Make Massive Investments in Swedish Data Center Market


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