Vantage Data Centers: Vantage Data Centers EMEA receives $1.6 bn from AustralianSuper

Sep 11, 2023 | Posted by Abdul-Rahman Oladimeji

AustralianSuper has made an investment in Vantage Data Centers' EMEA operations. Last week, the company announced it would invest $1.6 billion to acquire a "significant minority stake" in Vantage Data Centers Europe, Middle East, and Africa (Vantage EMEA), backed by DigitalBridge. The pension fund stated that, along with DigitalBridge, it would be a "key shareholder" in Vantage EMEA and support the data center company's regional expansion and development goals.

According to AustralianSuper, this was the fund's first "significant exposure" to hyperscale data centers, but it was an "important step" as the company seeks to expand its infrastructure capability in Europe. The company indicated to the Financial Times that it plans to increase its investment in Vantage EMEA. It is anticipated that the transaction will close in the fourth quarter of 2023. DigitalBridge initially announced in March 2023 that it intended to sell a minority stake in Vantage, and in April, it formed an investment consortium for Vantage's EMEA operations that included MEAG and Infranity.

Vantage has campuses in Germany (Berlin and Frankfurt), the United Kingdom (London and Cardiff), Italy (Milan), Poland (Warsaw), Switzerland (Zurich), and South Africa (Johannesburg) that are operational or in development. It has previously proposed to develop a campus in Dublin, Ireland.

In 2017, DigitalBridge acquired Vantage, and in 2020, the company expanded into Europe through the absorption of Etix Everywhere and NGD.