MEAG together with DigitalBridge and Infranity invest in a portfolio of European data centers managed by Vantage Data Centers
6 November 2023
A consortium, including MEAG, acting for Munich Re Group investors, DigitalBridge Group, acting for affiliated funds, and Infranity, acquired a portfolio of European data centers from Vantage Data Centers, a leading global provider of hyperscale data centers.
The Investment Partnership initially consists of six stabilized data centers in the UK and Germany and is valued at approximately €2.5 billion, including Vantage’s stake. The data centers span more than 1.8 million square feet and 177MW of IT capacity and are located in key strategic markets.
Vantage’s management team, led by President and CEO Sureel Choksi, will continue to manage and operate these facilities as part of its global data center portfolio. The additional capital raised from the investor consortium will be used to support the continued growth of Vantage’s EMEA data center platform.
“This Investment Partnership provides Vantage with multiple partners with deep expertise in digital infrastructure,” said Choksi. “This transaction provides Vantage with additional capital to continue our expansion in new and existing markets across EMEA, capitalizing on the extraordinary growth opportunities, driving innovation, and delivering state-of-the-art sustainable data centers for our customers.”
Dominik Damaschke, Head of Infrastructure Equity of MEAG, said: “Data centers are the backbone of the increasing digitization of the economy, and we are proud to invest in a portfolio of top-tier hyperscale data centers in Europe. The investment is another milestone in MEAG‘s strategic expansion into digital infrastructure.”
“Infranity has been a prominent investor in digital infrastructure assets in Europe since its business inception with data centers sitting at the heart of the fast and deep digitization of our economies. This partnership with Vantage embodies a shared vision for economic growth and sustainability,” stated Jaime Hector, managing director and co-head of equity team at Infranity. “This investment highlights our unwavering commitment to advancing cutting-edge digital infrastructure, thereby strengthening our resolve to create a more sustainable and interconnected world.”
Citi served as financial advisor, and Linklaters LLP and Loeb & Loeb LLP served as legal advisors to Vantage. Rothschild & Co served as financial advisor to MEAG and Infranity, and DLA Piper UK LLP served as legal advisor to the Investor Consortium.
Source: MEAG
