Ares Management’s Infrastructure debt and alternative credit strategies, CDPQ and Schroders Capital’s private debt and credit alternatives team will provide up to €750m in financing to data centre provider Vantage Data Centers.
Ares and CDPQ are providing up to €300m respectively, and Schroders Capital is contributing up to €150m, with the financing set to be used to expand Vantage’s EMEA data centre portfolio.
The Vantage EMEA portfolio comprises of 14 campuses, across London, Frankfurt, Berlin, Milan, Warsaw, Zurich, Cardiff, Dublin and Johannesburg. According to a press release, the portfolio aims to generate 751MW of combined IT capacity.
Read more:Private Equity Wire
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