DataBank Announces ~$2.0 Billion Equity Raise Led by $1.5 Billion Investment from AustralianSuper
DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed services, has announced a $2.0 billion equity raise. The raise is led by AustralianSuper, Australia's largest superannuation fund, which committed $1.5 billion. Upon closing, AustralianSuper will become a significant minority owner of DataBank and join its board of directors. The capital raise included an additional $483 million from existing investors.
The investment will fund the build-out of more than 850MW of data center capacity across DataBank's portfolio, tripling its existing 330MW of power deployed. This expansion aims to meet the unprecedented demand for A.I., hyperscale cloud, enterprise, and large technology workloads. DataBank plans to expand its footprint across 65+ data centers in 27+ markets, including new campuses in Dallas, Culpeper, VA, and Atlanta.
The transaction is expected to close by the end of 2024, subject to customary closing conditions.
DataBank, un fornitore leader di servizi di colocation edge di classe enterprise, interconnessione e servizi gestiti, ha annunciato una raccolta di capitale di $2,0 miliardi. La raccolta è guidata da AustralianSuper, il più grande fondo pensione australiano, che ha impegnato $1,5 miliardi. Una volta conclusa, AustralianSuper diventerà un significativo azionista di minoranza di DataBank e entrerà a far parte del suo consiglio di amministrazione. La raccolta di capitale ha incluso un ulteriore $483 milioni da investitori esistenti.
L'investimento finanzierà l'espansione di oltre 850MW di capacità nei data center nel portfolio di DataBank, triplicando i 330MW di potenza attualmente disponibili. Questa espansione mira a soddisfare la domanda senza precedenti per carichi di lavoro di A.I., cloud iperscalabile, aziendale e tecnologico di grande portata. DataBank prevede di espandere la propria presenza in oltre 65 data center in più di 27 mercati, comprese nuove sedi a Dallas, Culpeper, VA, e Atlanta.
La transazione dovrebbe chiudersi entro la fine del 2024, soggetta a consuete condizioni di chiusura.
DataBank, un proveedor líder de servicios de colocación en la periferia de clase empresarial, interconexión y servicios gestionados, ha anunciado una recaudación de capital de $2,0 mil millones. La recaudación está liderada por AustralianSuper, el fondo de pensiones más grande de Australia, que se comprometió con $1,5 mil millones. Una vez cerrada la operación, AustralianSuper se convertirá en un importante propietario minoritario de DataBank y se unirá a su junta directiva. La recaudación de capital incluyó $483 millones adicionales de inversores existentes.
La inversión financiará la construcción de más de 850MW de capacidad en centros de datos en el portafolio de DataBank, triplicando los 330MW de potencia actualmente desplegados. Esta expansión tiene como objetivo satisfacer la demanda sin precedentes de cargas de trabajo de A.I., nube hiperescalable, empresarial y de gran tecnología. DataBank planea expandir su huella a más de 65 centros de datos en más de 27 mercados, incluyendo nuevos campus en Dallas, Culpeper, VA y Atlanta.
Se espera que la transacción se cierre a finales de 2024, sujeta a condiciones de cierre habituales.
DataBank는 기업급 엣지 콜로케이션, 상호 연결 및 관리 서비스를 제공하는 선도적인 업체로, 20억 달러의 자본 조달을 발표했습니다. 이번 조달은 호주 최대 연금 기금인 AustralianSuper가 주도하며, 15억 달러를 약정했습니다. 거래가 마무리되면 AustralianSuper는 DataBank의 중요한 소수 주주가 되어 이사회에 참여할 예정입니다. 자본 조달에는 기존 투자자로부터 추가로 4억 8천 3백만 달러가 포함되었습니다.
이번 투자는 DataBank의 포트폴리오 전반에 걸쳐 850MW 이상의 데이터 센터 용량 구축을 지원하며, 현재 배치된 330MW의 전력을 세 배로 늘립니다. 이번 확장은 A.I., 하이퍼스케일 클라우드, 엔터프라이즈 및 대형 기술 작업 부하에 대한 전례 없는 수요를 충족하는 것을 목표로 하고 있습니다. DataBank는 다수의 데이터 센터를 통해 자신의 입지를 65개 이상으로 확장할 계획이며, 달라스, 벌지니아주 컬페퍼 및 애틀랜타에 새로운 캠퍼스도 포함됩니다.
이번 거래는 관례적인 종료 조건에 따라 2024년 말까지 완료될 것으로 예상됩니다.
DataBank, un fournisseur de premier plan de solutions de colocation edge de classe entreprise, d'interconnexion et de services gérés, a annoncé une levée de fonds de 2,0 milliards de dollars. La levée est menée par AustralianSuper, le plus grand fonds de pension d'Australie, qui s'est engagé à hauteur de 1,5 milliard de dollars. Une fois la transaction finalisée, AustralianSuper deviendra un actionnaire minoritaire significatif de DataBank et rejoindra son conseil d'administration. La levée de fonds a également inclus un montant supplémentaire de 483 millions de dollars de la part d'investisseurs existants.
Cet investissement financera le développement de plus de 850MW de capacité de centres de données dans le portefeuille de DataBank, triplant ainsi les 330MW actuellement déployés. Cette expansion vise à répondre à la demande sans précédent en IA, cloud hyperscalable, entreprises et charges de travail technologiques de grande envergure. DataBank prévoit d'élargir sa présence dans plus de 65 centres de données sur plus de 27 marchés, y compris de nouveaux campus à Dallas, Culpeper, VA et Atlanta.
La transaction devrait être finalisée d'ici la fin de 2024, sous réserve des conditions de clôture habituelles.
DataBank, ein führender Anbieter von Unternehmens-Edge-Colocation, Interkonnektivität und Managed Services, hat eine Kapitalerhöhung von 2,0 Milliarden USD bekannt gegeben. Die Erhöhung wird von AustralianSuper, dem größten Pensionsfonds Australiens, geleitet, der 1,5 Milliarden USD zugesagt hat. Nach dem Abschluss wird AustralianSuper ein bedeutender Minderheitsaktionär von DataBank werden und in den Vorstand eintreten. Die Kapitalerhöhung umfasste zusätzliche 483 Millionen USD von bestehenden Investoren.
Die Investition wird den Ausbau von mehr als 850MW Datenzentrums-Kapazität in DataBanks Portfolio finanzieren, was die derzeit eingesetzten 330MW Leistung verdreifacht. Diese Expansion zielt darauf ab, die beispiellose Nachfrage nach A.I., hyperskalierbaren Cloud-, Unternehmens- und großen Technologie-Workloads zu decken. DataBank plant, seine Präsenz in über 65 Datenzentren in mehr als 27 Märkten auszubauen, einschließlich neuer Standorte in Dallas, Culpeper, VA und Atlanta.
Der Abschluss der Transaktion wird bis Ende 2024 erwartet, vorbehaltlich üblicher Bedingungen für den Abschluss.
- Secured $2.0 billion equity raise, with $1.5 billion from AustralianSuper
- Additional $483 million committed by existing investors
- Expansion to add more than 850MW of power, tripling existing capacity
- Raised over $4.0 billion in debt and equity over the past 12 months
- AustralianSuper to become significant minority owner and join board of directors
- None.
Insights
This
The oversubscribed nature of the raise, including
DataBank's ability to secure over
DataBank's massive expansion plan is a strategic move to address the explosive growth in data center demand, particularly driven by AI and cloud computing. The addition of 850MW capacity across new campuses in Dallas, Culpeper and Atlanta is well-timed to capture the surge in AI workloads, which require significantly more power and cooling than traditional computing tasks.
The company's focus on enterprise-class edge colocation is particularly noteworthy. As AI and IoT applications proliferate, the need for low-latency, high-bandwidth data processing near the edge of networks will increase. DataBank's distributed footprint of 65+ data centers across 27+ markets positions it well to serve this growing market segment.
However, the data center industry faces challenges in power consumption and sustainability. Investors should monitor how DataBank addresses these issues as it scales up, as environmental considerations could impact future growth and regulatory compliance.
Investment will grow and further diversify AustralianSuper's global digital infrastructure exposure and will fund the build-out of more than 850MW of data center capacity across DataBank's portfolio to meet accelerated demand for enterprise, cloud, and A.I. workloads.
The capital raise was oversubscribed and, in addition to the
Proceeds from the raise will be used to finance growth across DataBank's industry-leading footprint of 65+ data centers in 27+ markets, including the 3 new campuses it has announced in the past year: a 480MW campus in south
"We are delighted to have AustralianSuper join our investors," said Raul Martynek, DataBank's CEO. "Along with the continued support of our existing investors, it's a vote of confidence in our strategy and our proven ability to execute and scale the DataBank platform. This investment, and our new campuses, are a game-changer for DataBank and our customers, allowing us to bring this capacity to market now and seize the incredible opportunity ahead of us."
"Our investment in DataBank comes at an exciting time in its growth trajectory with strong tailwinds across the sector, coupled with DataBank's ambitious expansion program and diverse business base," said Derek Chu, Head of American Real Assets at AustralianSuper. "We're delighted to be helping DataBank, and its experienced leadership team, capitalize on the unprecedented demand for cloud and AI infrastructure. DataBank will grow and further diversify our global digital infrastructure exposure, a sector we believe will help deliver sustainable, long-term performance for more than 3.4 million members."
"We're thrilled to welcome AustralianSuper as a key investor in DataBank," said Jon Mauck, Senior Managing Director at DigitalBridge. "DataBank's proven track record, expansion capacity, and strong leadership, position it to take full advantage of the tremendous market opportunities in the
Together with this transaction, DataBank has raised more than
BofA Securities and Citizens Capital Markets Inc. acted as financial advisors for DataBank. Citi acted as financial advisor for AustralianSuper. Simpson, Thatcher & Bartlett LLP acted as legal counsel to DataBank and Milbank LLP acted as legal counsel to AustralianSuper.
The transaction is expected to close by the end of 2024 subject to customary closing conditions.
About DataBank
DataBank helps the world's largest enterprises, technology, and content providers ensure their data and applications are always on, always secure, always compliant, and ready to scale to meet the needs of the artificial intelligence era. Recognized by Deloitte in 2023 and Inc. 5000 in 2024 as one of the fastest-growing private US companies, DataBank's edge colocation and infrastructure footprint consists of 65+ "HPC-ready" data centers in 27+ markets, 20 interconnection hubs, and on-ramps to an ecosystem of cloud providers with virtually unlimited reach. We combine these platforms with contract portability, managed security, compliance enablement, hands-on support, and a guarantee of
About AustralianSuper
AustralianSuper manages more than
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells and edge infrastructure, the DigitalBridge team manages over
References to "AustralianSuper" or "the Fund" in this document are taken to mean AustralianSuper Pty Ltd, the AustralianSuper superannuation fund, AustralianSuper (
Information included in this document is of a general nature only.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, this information does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.
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SOURCE DataBank
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