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New Deal


Announced

Colony Capital to invest $185m in DataBank.

Financials

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Transaction Value£141m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Pending

Data Centers and Hosting

Minority

Private Equity

data center

cloud computing

virtual hosting

Single Bidder

Private

Friendly

Synopsis

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Colony Capital, a global investment management firm is set to invest $185m in DataBank, a provider of enterprise-class data center, connectivity and managed services. "We are thrilled to be partnering with DataBank, its management team, and investor group, to continue building the premier edge/colocation data center platform in the United States. We look forward to supporting the business with additional capital to fund potential add-on acquisitions and greenfield edge data center developments," Justin Chang, Colony Capital Global Head of Private Equity.

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