Vantage Data Centers, a provider of hyperscale data center campuses, announced a partnership with an investor group led by Colony Capital, Inc. The strategic alliance, which is expected to be finalized before the end of July, is valued at $3.5 billion. It aims to accelerate the expansion of Vantage’s best-in-class, wholesale data centers throughout North America and Europe.
“This strategic partnership with the Colony Capital-led investor group provides Vantage with a partner that deeply understands digital infrastructure,” said Sureel Choksi, president and CEO. “Vantage and its investor group are now even more well-positioned to capitalize on a number of attractive market opportunities and deploy the necessary capital to drive innovation, deliver state-of-the-art facilities for our customers, and accelerate our expansion plans in existing and new markets globally.”
Colony will invest $1.2 billion in 12 of Vantage’s North American data centers in the Pacific Northwest and Eastern Canada. Another $200 million investment coming from Colony’s balance sheet solidifies the company’s commitment to investing in world-class, stabilized digital infrastructure assets that deliver consistent returns.
“This innovative transaction establishes the most valuable portfolio of hyperscale data center assets in North America, backed and managed by the best-in-class management team at Vantage,” said Marc Ganzi, CEO of Colony Capital.