DigitalBridge Group, Inc., has announced the expansion of the Vantage SDC (stabilized data centers) platform with the acquisition of CA22, a 24-megawatt hyperscale data center serving the strategic Santa Clara, Calif., market.
The transaction is valued at $539 million and will be funded primarily through existing and new Vantage SDC debt facilities and cash on hand.
The CA22 data center facility is located in Vantage Data Center’s CA2 campus next to Vantage SDC’s fully owned CA21 facility, which serves the supply-constrained Santa Clara market.
The transaction is a significant milestone for Vantage SDC, representing its first hyperscale data center acquisition since its formation in July 2020 through a $3.5 billion strategic partnership between Vantage Data Centers and a DigitalBridge-led investor group.
Vantage Data Centers will continue to manage and operate CA22 as part of its global data center footprint. The transaction extends Vantage SDC’s footprint to 13 stabilized hyperscale data centers across North America and expands capacity by 14 percent to 177 megawatts.
“DigitalBridge’s commitment to supporting the growth of its portfolio companies while serving the growing need for hyperscale data centers remains strong,” said Marc Ganzi, president and CEO of DigitalBridge. “This transaction not only advances Vantage SDC’s strategic plan to grow its portfolio of stabilized data centers, but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns for investors.”