Investment Management Corporation of Ontario (IMCO) has plans to invest $450 million in Databank, one of the largest edge infrastructure operators in the United States.
DataBank’s portfolio consists of 65-plus operational data centers across 27-plus markets with a diverse customer base. The company is well-positioned to capitalize on the significant future growth in digital infrastructure as cloud, content and technology — especially 5G — push toward the edge of networks.
“Investing in high-quality companies and markets with secular growth is key to delivering attractive risk-adjusted returns for our clients. DataBank’s leadership position in digital infrastructure and experienced management team makes it an ideal investment for our infrastructure portfolio,” said Rossitsa Stoyanova, CIO, IMCO. “We look forward to partnering with DataBank’s management and our co-shareholders to execute the company’s business plan.”