IT agency UPSTACK has received a $50 million investment from private equity firm Berkshire Partners. The funding reflects investor interest in the business of procuring cloud and colocation services.
A recent financing by DataBank breaks new ground in financing data center growth, and may help colocation and edge computing specialists raise capital using strategies previously limited to hyperscale deals.
STACK Infrastructure has lined up $400 million through the sale of securitized notes, the latest in four transactions that have raised $1.8 billion to build more data centers as it expands across U.S. markets.
A new SPAC has raised $250 million in its IPO and is seeking to acquire companies in the digital infrastructure industry. InterPrivate IV InfraTech Partners Inc. is led by CEO Kevin Timmons, who previously led data center developments teams at Microsoft and CyrusOne.
SPACs could provide a quicker route to the public securities markets for privately-held companies in the digital infrastructure sector. We take a closer look at Cyxtera’s acquisition by the Starboard Value SPAC, and what comes next.
Private equity firm LLR Partners has made a strategic investment in Salute Mission Critical, highlighting the growth opportunity in data center staffing. Salute recruits and trains military veterans to work in the data center industry.
Space and SPACs were hot topics last month on Data Center Frontier, including SpaceX Starlink’s broadband plans and Cyxtera going public through a merger. Here the 10 most popular stories on DCF in February 2021.
Data center startup Quantum Loophole plans to develop gigawatt scale “data center cities.” CEO Josh Snowhorn leads an experienced team, and says the growth of hyperscale computing calls for new types of real estate solutions.
Cyxtera Technologies will become a public company through a merger with a SPAC sponsored by Starboard Value. The deal, which values Cyxtera at $3.4 billion marks the first major deal by a group of SPACs targeting the data center sector.
More data center mergers and acquisitions (M&A) appear likely amid reports of two new special purpose acquisition corporations (SPACs) featuring teams of data center executives. Meanwhile, the industry’s busiest consolidator is raising a huge new round of capital.