Vantage Data Centers, a global provider of hyperscale data center campuses, and an investor group led by Colony Capital, Inc. have entered into a definitive agreement to form a strategic partnership valued at $3.5 billion to accelerate the expansion of Vantage’s wholesale data centers throughout North America and Europe.
As part of the agreement, the Colony-led investor group will invest $1.2 billion in Vantage Data Centers’ portfolio, including 12 stabilized North American data centers.
”The strategic partnership also marks a significant milestone in Colony’s ongoing digital transformation, with $200 million of the investment coming from Colony’s balance sheet, underscoring its commitment to investing in and acquiring world-class, stabilized digital infrastructure assets that deliver consistent returns for Colony shareholders,” said in the statement.
The partnership is expected to be finalized in late July. Citi served as financial advisor to Vantage Data Centers.