Databank Announces Major Recapitalization – QNT Press Release


New Investor Consortium to Acquire 27% Interest in DataBank Positioning it to Capture Edge Infrastructure Demand Over the Next Decade

DALLAS, June 17, 2022 /PRNewswire/ — DataBanka leading provider of enterprise-class colocation, interconnection, and managed services, today announced a recapitalization led by long-term institutional investors Swiss Life Asset Management AG (“SLAM”), EDF Invest (“EDF”) and current DataBank investor DigitalBridge . The initial stage of the recapitalization is being structured as a sale of ownership interests with SLAM and EDF acquiring 27% of the fully diluted equity interests in DataBank from existing investors for $1.2 billion.

The transaction will enable DataBank to execute a 10-year plan that capitalizes on edge infrastructure growth in the US Since 2016, DataBank has been progressively building an ecosystem of interconnect and data center locations in over two dozen Tier 1 and Tier 2 US metros that it believed would serve as the geographic foundation of a more decentralized, next-generation Internet infrastructure platform. Today, with over 65 data center assets in 27+ markets, DataBank has more data centers in more US metros than any other data center provider in the US , public or private.

“This recapitalization allows us to accelerate our expansion efforts and capture the substantial secular growth in edge computing which we believe will be at multi-gigawatt opportunity,” said Raul K. MartynekCEO of DataBank’s. “DataBank is strategically positioned as the leading platform to deliver geographically distributed colocation and interconnect …

Full story available on Benzinga.com



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