DataBank completes the first phase of its major recapitalization
A consortium of investors led by Swiss Life and EDF Invest acquires a 35% stake in DataBank for approximately $1.5 billion
DALLAS, August 30, 2022 /PRNewswire/ — data bank, a leading provider of enterprise-class colocation, interconnection and managed services, today announced the closing of its initial recapitalization led by Swiss Life Asset Management AG (“SLAM”), EDF Invest (“EDF “), Northleaf Capital Partners, Ardian and CBRE Investment Management. Structured as a sale of existing investor stakes for $1.5 billion, the new consortium of investors will now hold a fully diluted 35% stake in DataBank. The new group of investors joins DigitalBridge, which remains invested in the company, as committed, long-term investors who will enable DataBank’s aggressive plans for the decade ahead.
Since 2016, DataBank has been developing an ecosystem of interconnect locations and data centers in the U.S. Tier 1 and Tier 2 metros that it believes would serve as the geographic base for a next-generation internet infrastructure platform. more decentralized. Today, DataBank has more data centers in more metros than any other provider in the United States – public or private – with a footprint capable of placing customer workloads within 100 miles of 60% of the American population. The recapitalization will allow DataBank to execute a plan that builds on this state-of-the-art footprint and capitalizes on the growth of state-of-the-art infrastructure in the United States for the next decade.
“We are delighted to welcome this first coalition of infrastructure investors to DataBank and know that their vote of confidence validates DataBank’s strategy,” said Raul K. Martynek, CEO of DataBank. “We look forward to working with them to strengthen our position as the leading edge colocation and interconnect platform and capitalize on a multi-gigawatt opportunity in edge computing. »
The subsequent stages of the recapitalization should allow new investors to acquire stakes in DataBank from existing investors before the planned completion of the recapitalization in the fourth quarter of 2022
DataBank was advised by Goldman Sachs as financial advisor and Proskauer Rose LLP as legal advisors.
About Data Bank
DataBank enables the world’s leading enterprises, technologies and content providers to consistently deploy and manage their infrastructure, applications and data on the right platform, at the right time and in the right place. Our colocation and edge infrastructure footprint consists of over 65 data centers and 20 interconnect hubs in over 27 markets, gateways to an ecosystem of cloud providers, and a modular data center platform. edge data with virtually unlimited reach. We combine these platforms with contract portability, managed security, compliance enablement, hands-on support and a 100% uptime guarantee, to give our customers absolute confidence in their IT infrastructure and the power to create a limitless digital future for their business. . To learn more or tour a facility, visit databank.com or call 1(800) 840-7533
About Swiss Life Asset Management A
Swiss Life AM has more than 160 years of experience in capital management on behalf of the Swiss Life group and its clients. Swiss Life AM’s investment philosophy focuses on the principles of a long-term strategic approach, the preservation of capital, the generation of consistent and sustainable returns and a responsible approach to risk. Swiss Life AM offers its wealth management expertise to third-party clients in Swiss, France, Germany, Luxemburg and the UK. Like a December 31, 2021, the assets managed by Swiss Life on behalf of third-party clients amounted to 99 billion euros. Together with the Swiss Life Group’s investment mandates, Swiss Life AM’s total assets under management amount to 266 billion euros, of which 7.3 billion euros are managed by the Infrastructure Equity business area. Swiss Life AM has a dedicated infrastructure team of over 42 investment professionals, focusing on investments in global infrastructure assets, including renewable energy, and a proven track record in building value for its customers.
EDF Invest is EDF’s investment subsidiary for unlisted Dedicated Assets. The Dedicated Assets will finance the dismantling of EDF power plants in France. EDF Invest currently manages around €9 billion in equity and is aiming for around €12 billion in the coming years. Our mission is to diversify EDF’s Dedicated Assets portfolio and extend its investment horizon by targeting three unlisted asset classes France and abroad: Infrastructure, Real Estate and Funds. Follow EDF Invest on: www.edfinvest.com / and www.linkedin.com/company/edf-invest
About Northleaf Capital Partners
Northleaf Capital Partners is a global private markets investment firm with over 20 billion US dollars in private equity, private credit and infrastructure commitments raised to date from public, corporate and multi-employer pension plans, endowments, foundations, financial institutions and family offices. Northleaf’s team of 200 professionals, located in Toronto, Chicago, London, Los Angeles, melbourne, Menlo Park, Montreal and New York, focuses exclusively on researching, evaluating and managing private market investments globally. Its portfolio includes more than 500 active investments in more than 40 countries, with a focus on mid-market companies and assets. For more information about Northleaf, please visit www.northleafcapital.com.
Ardian is a global leader in private investment, managing or advising $141 billion of assets on behalf of more than 1,300 clients worldwide. Our extensive expertise, spanning private equity, real assets and credit, allows us to offer a wide range of investment opportunities and respond flexibly to the different needs of our clients. Using Ardian’s bespoke solutions, we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they need and access funds managed by leading third-party sponsors. We also provide a specialist service for private clients through Ardian Private Wealth Solutions. Ardian is majority-owned by its employees and attaches great importance to the development of its employees and the promotion of a collaborative culture based on collective intelligence. Our more than 900 employees, located in 15 offices in Europethe Americas and Asia, are strongly attached to the principles of Responsible Investment and are determined to make finance a force for the good of society. Our aim is to provide excellent investment performance combined with high ethical standards and social responsibility. At Ardian, we are all invested in building businesses that last. For more information visit: www.ardian.com
About CBRE Investment Management
CBRE Investment Management is one of the world’s leading real asset investment management companies with $146.8 billion of assets under management* at March 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to provide sustainable investment solutions across real asset classes, geographies, risk profiles and execution formats so that its clients, associates and its communities thrive. CBRE Investment Management is an independent affiliate of CBRE Group, Inc. (NYSE: CBRE), the world’s largest commercial real estate investment and services company (based on 2021 revenues). CBRE has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management leverages CBRE’s market data and information, investment research and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
About Digital Bridge
DigitalBridge (NYSE:DBRG) is one of the world’s leading digital infrastructure investment firms. With a legacy of more than 25 years of investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells and edge infrastructure, l DigitalBridge team runs a $47 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Based at Boca RatonDigitalBridge has key offices in New York, Los Angeles, Londonand Singapore. For more information, visit www.digitalbridge.com.