By delivering on its sustainability commitments, Aligned has added $250 million in expansion capital, expanding its sustainability-linked senior credit line to $1.25 billion.
Azrieli Acquires Green Mountain for $850M to Expand Into Europe
Israeli real estate developer Azrieli Group will acquire Norway’s Green Mountain for about $850 million, and sees its expansion into the global data center market as a “significant growth engine.”
Sabey Lines Up $175 Million for Data Center Expansion
Sabey Data Centers has issued $175 million of securitized notes to fund the growth of its data center operations. The company has now lined up nearly $1 billion in growth capital using asset-backed securities with low interest rates.
Iron Mountain Buys Frankfurt Data Center to Speed European Expansion
Iron Mountain will acquire a data center to accelerate its expansion in Frankfurt, one of Europe’s most strategic and competitive markets. It will buy a 10-megawatt facility from a Keppel affiliate for $90 million (EUR 76 million).
Macquarie Invests in Prime Data Centers, Sees Major Growth Ahead
Macquarie Capital will make an equity investment in Prime Data Centers and commit significant capital to its future growth, potentially making Prime a much larger player in data center development.
Blackstone to Acquire QTS in Blockbuster Data Center M&A Deal
Blackstone Infrastructure Partners will acquire QTS Realty Trust for $78 a share, valuing QTS at approximately $10 billion, the two companies said today. QTS operates more than 7 million square feet of data centers across North America and Europe.
Switch Acquires Data Foundry for $420 Million, Enters Texas Market
Switch is acquiring data center provider Data Foundry for $420 million, expanding into the Texas market. The deal provides Switch with its fifth “prime” data center region, which will include Data Foundry facilities in Austin and Houston.
Sustainable Finance: The Next Frontier in Data Centers’ Climate Response
Sustainable finance is the new frontier in addressing climate change, and has major implications for data center industry, which requires a steady flow of money. Leading providers are already using green bonds and sustainable loans, and more will follow.
UPSTACK Receives $50 Million Investment to Boost Cloud Procurement
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.
DataBank Deal Expands Funding Options for Colocation, Edge Computing
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.
Data Center Frontier is edited by Rich Miller, the data center industry’s most experienced journalist. For more than 20 years, Rich has profiled the key role played by data centers in the Internet revolution.