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.
Aligned Expands Credit Line to Fund More Data Center Growth
Amid soaring demand for digital infrastructure, data center developer Aligned has increased its secured credit facility to $575 million, citing “consistently strong” customer demand.
Pandemic Could Drive Data Center M&A, Reshaping Industry Landscape
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.
INAP Emerges From Bankruptcy With Less Debt, New CEO
Colocation provider INAP has completed a financial restructuring and emerged from bankruptcy, just seven weeks after filing for Chapter 11 protection.
Equinix Goes Shopping, Issuing Stock to Fund an Acquisition
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 Lines up $800 Million to Fund Growth
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.
TierPoint Lines Up $320 Million in Equity Funding from Investor Group
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 Data Centers Still High, As Are Deal Valuations
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.
Data Center Frontier is edited by Rich Miller, the data center industry’s most experienced journalist. For more than 15 years, Rich has profiled the key role played by data centers in the Internet revolution.