With the acquisition of CA22, a 24MW hyperscale data center serving the strategic Santa Clara, CA market, Vantage has significantly expanded its portfolio of Silicon Valley-based data center offerings. The acquisition transaction is valued at $539 million.
The newly acquired data center will become part of Vantage SDC, an international portfolio of hyperscale data centers centered in key North American markets. The Vantage SDC facilities are maintained and operated by Vantage Data Centers as part of their worldwide data center footprint.
Vantage SDC, where SDC stands for ‘stable, hyperscale data centers,’ was founded in July 2020 through a $3.5 billion strategic collaboration between a DigitalBridge-led investment group and Vantage Data Centers. Like Vantage Data Centers, Vantage SDC is headquartered in Denver, Colorado.
Hyperscale Data Center Demand
Vantage Data Centers will continue to run and operate the newly acquired CA22 facility as part of its worldwide data center infrastructure. Vantage SDC’s footprint is expanded to 13 hyperscale data centers in North America while the transaction increases the company’s capacity by 14% to 177MW.
DigitalBridge’s commitment to supporting the growth of its portfolio companies while serving the growing need for hyperscale data centers remains strong,” said Marc Ganzi, President and CEO at DigitalBridge. “This transaction not only advances Vantage SDC’s strategic plan to grow its portfolio of stabilized data centers, but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns for investors.”
On behalf of its limited partners and shareholders, DigitalBridge (NYSE: DBRG) manages a portfolio of $35 billion of digital infrastructure assets with over 25 years of investment and business across the digital ecosystem including cell towers, data centers, fiber, cells and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has key offices in Los Angeles, New York, London and Singapore.