KKR is the latest marquee investing firm to enter the data center industry, forming Global Technical Realty (GTR) to develop more than $2.5 billion in data centers across Europe in the coming years.
Amid soaring demand for digital infrastructure, data center developer Aligned has increased its secured credit facility to $575 million, citing “consistently strong” customer demand.
Economic disruptions are times of both peril and opportunity. We look at how the COVID-19 pandemic may impact the active world of data center mergers & acquisitions. Financial strength will drive the action.
Colocation provider INAP has completed a financial restructuring and emerged from bankruptcy, just seven weeks after filing for Chapter 11 protection.
Colocation giant Equinix is “in advanced discussions” to acquire a portfolio of data center sites, and has announced plans to sell $1.25 billion in common stock to fund the deal.
Sabey Data Centers has lined up $800 million in funding, using securitized notes to arrange low-cost capital for continued expansion of the company’s U.S. data center campuses.
Three global infrastructure funds will invest $320 million in Tierpoint, a regional data center provider that has built a national network through a series of acquisitions.
Investor interest in the data center sector remains high, and the wave of M&A is likely to continue in 2020. But deal values are high, prompting some investors to tread carefully and adjust their strategies.