Simpson Thacher is representing DataBank in connection with a $2.0 billion equity raise led by AustralianSuper, Australia’s largest superannuation fund, which committed $1.5 billion. DataBank is a leading provider of enterprise-class edge colocation, interconnection, and managed services in the United States. Proceeds from the raise will be used to finance growth across DataBank’s industry-leading footprint of 65+ data centers in 27+ markets, including the 3 new campuses it has announced in the past year: a 480MW campus in south Dallas, a 192MW campus in Culpeper, VA, and a 120MW campus in Atlanta. The equity raise will enable DataBank to meet unprecedented demand for A.I., hyperscale cloud, enterprise and large technology workloads.
The Simpson Thacher team includes Gabriel Silva, Shamus Crosby, Jonathan Schwartz, Gabriela Astolphi, Isabella Newmark, Luke Rooney and Gedaliah Wielgus (M&A); Andrew Purcell and Brian Mendick (Tax); Parker Kelsey and Nick Brown (Funds); Dennis Loiacono (Real Estate); David Rubinsky, Jesslyn Nunez and Abigail Janik (Executive Compensation and Employee Benefits); Ron Ben-Yehuda and Dewey Kang (Intellectual Property); Toby Chun (Environmental); and Steven DeLott (Insurance).