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Vantage Data Centers, a leading global provider of hyperscale data center campuses, has raised US$1.25 billion in incremental equity capital from its existing investors, led by Digital Colony. This funding will be used to fuel ongoing expansion and development across North America and Europe.
“Hyperscale data center market demand remains strong, and this capital raise will allow Vantage to accelerate its global expansion of sustainable, large-scale campuses,” said Sharif Metwalli, CFO, Vantage Data Centers. “This capital raise demonstrates our investors’ continued commitment to Vantage’s strategic growth plan.”
“The Vantage team continues to do an amazing job supporting the growth of their hyperscale customers as they expand in North America and increasingly throughout Europe,” said Marc Ganzi, president and CEO of Colony Capital and Digital Colony. “Supporting the strategic development and financing of our partner companies is a key pillar of Digital Colony’s alpha-creation strategies, so we’re thrilled to be a part of Vantage’s next big step forward.”
Vantage has continued its strong trajectory in the second half of 2020 by reaching new milestones around funding and development. The company recently opened its flagship European campus in Frankfurt, Germany, with the completion of the first phase of what will be a three-building campus delivering 55MW of critical IT capacity once fully developed. Vantage also closed on its acquisition of Next Generation Data in the U.K. and added 68MW of capacity across the world’s two largest markets – Northern Virginia and Silicon Valley.
In addition, earlier this year Vantage entered a strategic partnership with an investor group led by an affiliate of Colony Capital, Inc. (NYSE: CLNY) to advance its growth globally. Most recently, the company raised US$1.3 billion in securitized notes at attractive rates and with the longest blended tenor ever issued by a data center company in the asset-backed securities (ABS) market.
