DigitalBridge to sell stake in data center platform DataBank for $1.2 billion
(Reuters) – Digital infrastructure funding agency DigitalBridge Group Inc mentioned on Thursday it might promote a 27% stake in its knowledge heart platform, DataBank, to associates of Swiss Life Asset Administration AG and EDF Make investments for about $1.2 billion in money.
The info heart business has emerged as a hotbed of consolidation exercise over the previous two years as a result of its position in cloud computing infrastructure and a robust progress outlook underpinned by the increasing digital presence of companies.
DigitalBridge mentioned it might personal 15.5% of DataBank after the stake sale.
The corporate, which purchased DataBank in 2016 for an undisclosed quantity, mentioned the burgeoning demand for knowledge and video providers has helped develop DataBank’s footprint, capability and buyer base throughout america.
DataBank’s portfolio contains greater than 65 knowledge facilities and 20 interconnection hubs in additional than 27 markets, the corporate added.
DigitalBridge in Might agreed to purchase knowledge heart operator Change Inc for $11 billion, together with debt, marking a significant deal within the digital asset sector that has attracted giant non-public fairness corporations and infrastructure funds.
(Reporting by Manya Saini in Bengaluru; Enhancing by Vinay Dwivedi)
