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DigitalBridge & Silver Lake to invest $6.4 bn in Vantage

Image: Adobe Stock / Connect world

Vantage Data Centers has announced a $6.4 billion equity investment from DigitalBridge and Silver Lake.

The investment, which will be across North America and EMEA, is expected to close in the first quarter of 2024 and is led by investment vehicles managed by DigitalBridge Group and Silver Lake. In a statement, Vantage said the investment will extend its “strategic capabilities” in meeting burgeoning cloud and AI demand.

“We are delighted that Silver Lake is joining DigitalBridge to support Vantage’s continued expansion across North America and EMEA,” said Sureel Choksi, President and CEO of Vantage.

“Cloud computing, AI and related technologies are driving unprecedented demand for digital infrastructure. The market opportunity in front of us is extraordinary, and we are excited to chart our next phase of growth with two premier investors who have been great partners to us and have an unmatched understanding of our global technology customers and their infrastructure needs.”

Jon Mauck, Senior Managing Director at DigitalBridge, added, “We are excited about supporting the next chapter of Vantage’s growth in partnership with Silver Lake.

“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. Vantage is a critical partner to the leading cloud and technology platforms globally and is well positioned to continue to support accelerating adoption of cloud- and AI-based technologies.”

Silver Lake launched Vantage in 2010 as a single data centre campus in California, and was then acquired by DigitalBridgem in 2017. Vantage owns or controls 25 sites in North America and EMEA, totalling more than 3 GWof expected capacity. The company’s investment plan is expected to drive an estimated $30 billion of additional development.

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