DigitalBridge takes over Santa Clara facilities
7h | Melanie Mingas
DigitalBridge Group acquired the 24 MW CA22 facility for $ 539 million, expanding its Vantage SDC (Stabilized Data Center) platform.
The transaction extends Vantage SDC’s footprint to 13 stabilized hyperscale data centers across North America and increases capacity by 14%, to 177 MW.
It also offers increased reach in one of the largest markets in the United States. CA22 is located on the CA2 campus of Vantage Data Center, adjacent to the 100% Vantage SDC-owned CA21 facility, which serves the Santa Clara market, where supply is limited.
“DigitalBridge’s commitment to supporting the growth of its portfolio companies while meeting the growing need for hyperscale data centers remains strong,” said Marc Ganzi (photo), President and CEO of DigitalBridge. “This transaction not only advances Vantage SDC’s strategic plan to grow its stabilized data center portfolio, but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns to investors.
Vantage Data Centers entered into a $ 3.5 billion strategic partnership with a group of investors led by DigitalBridge last July – although DigitalBridge Group was then called Colony Capital.
This latest development marks the first hyperscale data center acquisition since then and, under the terms of the agreement, Vantage Data Centers will continue to manage and operate CA22 as part of its global footprint.
In September, Vantage arrived in Asia through two acquisitions, Agile Data Centers and the portfolio owned by PCCW.
Over the full year of 2020, Vantage Data Centers doubled its size in terms of markets served and increased its IT capacity by over 90%.