The data center industry is busier than ever. With more new players entering the industry, this has meant lower pricing on large deals in the most competitive markets.
Vantage Data Centers has acquired the hyperscale data center business from Hypertec in Montreal, expanding its footprint in the Quebec market to 81 megawatts of IT capacity across three campuses.
365 Data Centers is acquiring Atlantic Metro Communications, which provides network and cloud services to enterprise customers, continuing to build 365’s presence in the data-intensive Northeast corridor.
Vantage Data Centers has raised $1.25 billion in equity funding from its current investors, led by Digital Colony. The funding reinforces the value proposition of building wholesale data center space for hyperscale customers, including the leading players in cloud computing and online commerce.
Wall Street continues to pour money into the data center sector. Goldman Sachs is investing $500 million to create Global Compute Infrastructure LP, a new data center development platform led by former executives of Digital Realty.
Private equity firm Stonecourt Capital has acquired regional data center specialist 365 Data Centers, and says it intends to invest “significant additional capital” to accelerate the company’s growth.
Data Bytes: Pandemic-driven changes in consumer behavior are likely to require more infrastructure, and thus are likely to boost investment in data center and network services.
Aligned has completed a $1 billion credit facility that will fund an expansion of its data center portfolio. The financing used a sustainability-linked loan structure that ties terms to sustainability metrics.
One of the most experienced investors in the data center sector has raised a large fund and is ready to go shopping. GI Partners today said it has lined up $1.8 billion in investor backing for its Data Infrastructure Fund.
STACK Infrastructure has lined up $325 million in low-cost debt to fund new construction, including a 32-megawatt data center in San Jose that has been fully pre-leased.