- Infranity is an asset management company based in Paris
- MEAG is the asset manager of Munich Re Group
- DigitalBridge is a global alternative asset manager that invests in digital infrastructure
MEAG and Infranity-led consortium, along with funds affiliated with the investment management platform of DigitalBridge Group, have completed an investment partnership in certain Vantage European data centre assets.
The investment initially consists of six stabilised data centres in strategic locations across Europe and is valued at around €2.5 billion, including Vantage’s stake. The data centres span over 1.8 million gross square feet and 177MW of IT capacity.
Vantage’s management team, led by Sureel Choksi, president and CEO, will continue to operate these assets as part of its global data centre portfolio.
“Data centres are the backbone of the increasing digitisation of the economy,” said Dominik Damaschke, head of infrastructure equity of MEAG. “The investment is another milestone in MEAG‘s strategic expansion into digital infrastructure.”
The additional capital raised from the investor consortium will be used to support the continued growth of Vantage’s EMEA data centre platform, according to a release.
Paris-based Infranity is an asset management company that makes sustainable infrastructure investments. It managed around €9 billion in assets as of October.
Vantage Data Centers develops and operates across five continents in North America, EMEA and Asia Pacific.
DigitalBridge is a global alternative asset manager that invests in digital infrastructure. It is headquartered in Boca Raton.
Munich-based MEAG is the asset manager of Munich Re Group.
Rothschild & Co served as financial advisor to MEAG and Infranity, and DLA Piper UK served as legal advisor to the investor consortium.