HMC Capital, an alternative asset manager investing in high-conviction, scalable real asset strategies on behalf of individuals, large institutions and super funds, has agreed to buy Global Switch Australia Holdings (GSAH) for A$2.12 billion ($1.4 billion).
Global Switch is an owner, operator and developer of large-scale data centers in Europe and Asia Pacific. The company provides high-density, low-latency IT capacity, expertise and technological solutions on a flexible basis to technology organizations across its key markets.
Since December 2016, GSAH has operated as a separate, standalone business, with parent company Global Switch maintaining its historic economic interests in the business.
The proceeds of the transaction will strengthen Global Switch’s balance sheet and provide substantial further capital for the company to capitalize on significant growth opportunities in other prime geographies through redevelopment, the integration of the latest coolin
