DataBank is taking a major step in its aggressive growth plan as the company announced the closing of its initial $1.5 billion recapitalization led by Swiss Life and EDF Invest. The recapitalization will enable DataBank to execute a plan that builds upon its industry-leading footprint and capitalizes on edge infrastructure growth in the U.S. for the next decade. Since 2016, DataBank has been developing an ecosystem of interconnection and data center locations in Tier 1 and Tier 2 U.S. metros to serve as the geographic foundation of a more decentralized, next-generation Internet infrastructure platform.
Today, the company has more data centers in more metros than any other provider in the U.S. – public or private – with a footprint capable of putting customer workloads within 100 miles of 60% of the U.S. population.
The $1.5 billion transaction was led by Swiss Life Asset Management AG, EDF Invest, Northleaf Capital Partners, and Ardian in which the new investor consortium will now own 35% of the fully diluted equity interests in DataBank. The new investor group joins DigitalBridge, which remains invested in the company, as committed, long-term investors who will enable DataBank’s aggressive plans for the decade ahead.
“We’re excited to welcome this premier coalition of infrastructure investors to DataBank and know their vote of confidence is validation of DataBank’s strategy. We look forward to working with them to build upon our position as the leading colocation and interconnection edge platform and capitalize on a multi-gigawatt opportunity in edge computing.” – Raul K. Martynek, DataBank CEO
For additional DataBank recapitalization news, read more HERE.
For more information, please visit www.databank.com.