Vantage Data Centers: Vantage Creates a New Investment Group in EMEA

Apr 06, 2023 | Posted by Abdul-Rahman Oladimeji

With the formation of a new investment partnership, Vantage Data Centers has added new investors to its roster along with DigitalBridge. This week, the company disclosed that it has signed a legally binding agreement to establish an investment partnership with a group of investors, including funds connected to the DigitalBridge Group, Inc., MEAG, and Infranity investment management platforms. The Investment Partnership, which is associated with several stable European properties, is valued at around $2.7 billion in the transaction, including Vantage's interest. The partnership's organizational structure was kept a secret by the corporation. According to Vantage, the additional funding received will be utilized to support the company's EMEA data center platform's future expansion. The agreement is subject to a number of closing requirements and regulatory clearances, and it is anticipated to be completed in the second quarter of 2023. 

The German insurance business Munich Re Group's asset manager, MEAG, is in charge of overseeing more than $328.3 billion in assets. A player in the Generali Investments ecosystem, Infranity is a European asset management firm that specializes on sustainable infrastructure projects. For institutional investors, the business oversees assets valued at close to $8.3 billion across Europe and other countries. With more under construction, Vantage now manages more than 20 data center sites in the US, Canada, Europe, Asia, South Africa, and Australia. Vantage already has a sizable investment from DigitalBridge, but the business wants to cut back on that investment. The CEO of DigitalBridge, Marc Ganzi, stated on the company's most recent quarterly results call that the company wanted to raise more money and have more of its "operating segment de-consolidated," similar to how it just recapitalized DataBank with new investors.