Vantage Data Centers secures £5bn investment led by DigitalBridge and Silver Lake
Wed 17 Jan 2024
Vantage Data Centers has announced a £5 billion ($6.4 billion) equity investment led by DigitalBridge Group and Silver Lake. This investment addresses the soaring demand for cloud and AI services.
The investment will be utilised across North America and EMEA. It is incremental to the £1.2 billion (€1.5 billion) to be invested by AustralianSuper in Vantage EMEA and includes expected investment from DigitalBridge and Silver Lake co-investors.
Strategic Growth and Market Expansion
As part of the company’s investment plan, Vantage’s strategic land bank is expected to drive an estimated £23.6 billion ($30 billion) of additional development.
Sureel Choksi, President and CEO of Vantage, said: “Cloud computing, AI and related technologies are driving unprecedented demand for digital infrastructure … we are excited to chart our next phase of growth with two premier investors who have been great partners to us.”
This new investment follows years of record growth at Vantage and is a key component of the company’s strategic growth plan. Vantage currently owns or controls 25 sites in North America and EMEA, totalling more than three gigawatts of expected capacity.
“We believe the combination of DigitalBridge’s unparalleled insight into the digital infrastructure landscape and Silver Lake’s technology focus creates a unique partnership to further enable Vantage’s strategic expansion and long-term growth plan,” said Jon Mauck, Senior Managing Director at DigitalBridge.
In connection with the investment, Vantage will continue its development of next-generation data centres, including energy-efficient and sustainable designs purpose-built for AI and large-scale cloud deployments.
“We are thrilled to invest and partner again with this exceptional management team alongside DigitalBridge to drive the next generation of energy-efficient, hyperscale data centre leadership,” said Greg Mondre, Co-CEO and Managing Partner, and Lee Wittlinger, Managing Director, of Silver Lake.
The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions.
Silver Lake launched Vantage in 2010 as a single data centre campus in Santa Clara, California, recruited the management team that continues to lead Vantage today, and grew the company to have the then-largest wholesale data centre footprint in Silicon Valley.
A DigitalBridge-managed vehicle acquired Vantage in 2017 and has been the key strategic partner for nearly seven years.