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Vantage Data Centers expands into the Asia-Pacific market through two acquisitions, fueled by an incremental equity raise of $1.5 billion led by DigitalBridge. This expansion includes the acquisition of Agile Data Centers, developing greenfield campuses in Tokyo, Osaka, and Melbourne, totaling 168MW of critical IT load. Additionally, PCCW Ltd.'s data center portfolio will be integrated, enhancing Vantage's presence in Hong Kong and Kuala Lumpur. The strategic move aims to serve hyperscale and enterprise customers in a high-growth region.
Positive
Acquisition of Agile Data Centers adds 168MW of critical IT load in key APAC cities.
Integration of PCCW's existing operations enhances Vantage's service capabilities in Hong Kong and Kuala Lumpur.
Equity raise of $1.5 billion supports rapid expansion and operational scaling.
Leadership additions from Agile Data Centers strengthen Vantage's APAC management team.
Negative
None.
APAC expansion fueled by $1.5B in incremental equity raise led by DigitalBridge
DENVER--(BUSINESS WIRE)--
Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced its expansion into the Asia-Pacific market through two acquisitions. DigitalBridge Investment Management, the company’s major stakeholder, along with participation from other existing Vantage investors, contributed an additional $1.5 billion in equity capital. Following the closing of both transactions, Vantage will offer data center services across Tokyo, Osaka, Melbourne, Hong Kong and Kuala Lumpur to hyperscale, cloud and large enterprise customers.
Vantage Data Centers’ future Melbourne campus will include 48MW of critical IT load across three facilities. (Photo: Business Wire)
Vantage’s APAC expansion is anchored by two acquisitions. First, Vantage has acquired Agile Data Centers, a data center provider in the Asia-Pacific region developing greenfield hyperscale campuses totaling 168MW of critical IT load in Tokyo, Osaka and Melbourne. Second, the data center portfolio of PCCW Ltd. (PCCW DC), which DigitalBridge previously announced plans to acquire, will become part of Vantage upon the transaction closing. Closing is expected in the fourth quarter of 2021 subject to customary closing conditions. PCCW DC is one of the region’s leading data center businesses with approximately 100MW of existing and expansion critical IT load across multiple facilities in Hong Kong and Kuala Lumpur.
Giles Proctor, formerly president and co-founder of Agile Data Centers, now serves as president of Vantage’s APAC business, overseeing a team that will include nearly 150 employees upon closing of the PCCW DC transaction. Brian Groen, senior vice president of data centers, PCCW DC, will join Vantage as senior vice president, APAC, upon closing.
“Following successful expansions throughout the United States, Canada and Europe over the past three years, we are expanding to Asia Pacific to better serve customers on a global basis. The key to our global expansion has been finding well-aligned partners who bring local expertise, an established footprint, a strong management team and the ability to scale quickly,” said Sureel Choksi, president and CEO, Vantage Data Centers. “The combination of Agile and PCCW’s data center business does just that, and I’m thrilled to welcome Giles Proctor, Brian Groen and their highly talented teams to Vantage.”
“As we continue building a global digital infrastructure platform, we recognized a strategic opportunity to combine the market penetration, expertise and strength of two valuable portfolio companies, Vantage and Agile, with the established foothold of PCCW DC to serve customers in this high growth region,” said Jon Mauck, senior managing director of DigitalBridge Investment Management. “The Vantage team has proven across North America and Europe that it is highly skilled at taking full advantage of both acquisitions and greenfield opportunities to quickly become a leading provider in new markets.”
“My team and I are excited to join the global Vantage family to expand the combined company’s presence in Asia Pacific,” said Proctor. “This offers our customers additional key markets in which to do business with trusted partners who bring in-country knowledge and a commitment to building and operating high quality, sustainably designed data center facilities.”
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating in North America, Europe and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.
DigitalBridge Group, Inc. (NYSE: DBRG) is a leading global digital infrastructure REIT. With a heritage of over 25 years of investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. DigitalBridge is headquartered in Boca Raton with key offices in Los Angeles, New York, London and Singapore.
Robin Bectel REQ for Vantage Data Centers vdc@req.co
+1 703-287-7827
DigitalBridge Severin White Managing Director, Head of Public Investor Relations
severin.white@digitalbridge.com
+1 212-547-2777
Joele Frank, Wilkinson Brimmer Katcher Julie Hamilton / Jon Keehner dbrg-jf@joelefrank.com
+1 212-355-4449
Source: Vantage Data Centers
FAQ
What are the details of Vantage Data Centers' acquisition in Asia-Pacific?
Vantage Data Centers acquired Agile Data Centers and PCCW Ltd.'s data center portfolio to expand its services in the Asia-Pacific region.
How much equity did DigitalBridge raise for Vantage's expansion?
DigitalBridge raised $1.5 billion in incremental equity to support Vantage's expansion into the Asia-Pacific market.
What cities will Vantage Data Centers serve in the Asia-Pacific market?
Vantage will offer services in Tokyo, Osaka, Melbourne, Hong Kong, and Kuala Lumpur.
When is the completion date for the acquisitions made by Vantage Data Centers?
The acquisitions are expected to close in the fourth quarter of 2021, pending customary closing conditions.
What is the significance of Vantage Data Centers' expansion into Asia-Pacific?
The expansion allows Vantage to better serve hyperscale and large enterprise customers in a high-growth region, leveraging local expertise and infrastructure.
