Simpson Thacher is representing DigitalBridge Group, Inc. (NYSE: DBRG) in connection with an initial $6.4 billion equity investment round in Vantage Data Centers, led by investment vehicles managed by DigitalBridge and Silver Lake. The investments are intended to accelerate and extend Vantage’s strategic capabilities to partner with global hyperscalers in meeting unprecedented cloud and AI demand. The capital raise was significantly oversubscribed and upsized by $2.8 billion upon the close with participation from multiple global investors, bringing the completed investment to $9.2 billion.
Vantage Data Centers is a leading global provider of hyperscale data center campuses, developing and operating across five continents in North America, EMEA and Asia Pacific. Vantage powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises.
DigitalBridge 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 $75 billion of infrastructure assets on behalf of its limited partners and shareholders.
The Simpson Thacher team includes Gabriel Silva, Shamus Crosby, Mark Kunzman, Gabriela Astolphi, Jonathan Schwartz, Lawrence Page and E.R. Rolwes (M&A); David Rubinsky and Megan Arrowsmith (Executive Compensation and Employee Benefits); Andrew Purcell, Brian Mendick and Emma Wang (Tax); and Steven DeLott (Insurance).