Vantage Data Centers, a global provider of hyperscale data centre campuses, the completion of a €2.5bn ‘investment partnership’ on 30 October 2023. The consortium of investors leading this initiative includes MEAG, Infranity and funds affiliated with DigitalBridge Group’s investment management platform.
The EMEA headquarters of Vantage Data Centers is situated in Luxembourg, where it supports the company’s administrative and business functions with a workforce exceeding 20 employees. A company representative told Delano that while Vantage does not own or operate any data centres in Luxembourg, it maintains a significant office presence. This is a strategic part of Vantage’s broader expansion across the EMEA region, complemented by additional offices in London and Germany.
The investment partnership involves six data centres spread across Europe. These facilities collectively encompass over 1.8m gross square feet, boast 177MW of IT capacity and are strategically located to meet the digital economy’s growing demands.
The existing management team at Vantage, led by president and CEO Sureel Choksi, will continue to manage and operate these assets, integrating them into the company’s global data centre portfolio. The additional capital from the Investor Consortium will support the expansion of Vantage’s data centre platform within the EMEA region.
Choksi stated that the investment partnership provides Vantage with resources to grow in both new and existing markets across the EMEA region, with a focus on innovation and delivering sustainable data centre solutions to meet customer needs.
This transaction provides Vantage with additional capital to … capitalise on the extraordinary growth opportunities, driving innovation and delivering state-of-the-art sustainable data centres for our customers.
Dominik Damaschke, head of infrastructure equity at MEAG, highlighted the crucial role of data centres in the digital transformation of the economy and noted the investment as a step in MEAG’s strategic journey into digital infrastructure.
Jaime Hector, managing director and co-head of the equity team at Infranity, emphasised the importance of digital infrastructure assets in Europe, with data centres being integral to the rapid digitisation of economies. He also mentioned the shared vision for economic growth and sustainability between Infranity and Vantage.
Vantage received financial advice from Citi and legal advice from Linklaters LLP and Loeb & Loeb LLP. MEAG and Infranity sought financial counsel from Rothschild & Co and legal advice from DLA Piper UK LLP as part of the Investor Consortium.