Vantage Data Centers secures finance for Africa

23 May 2024

Vantage Data Centers has secured new financing to fund its expansion across Europe and Africa.

Ares Management's Infrastructure Debt and Alternative Credit strategies (Ares), CDPQ, and Schroders Capital's Private Debt and Credit Alternatives team recently announced that they have agreed to provide up to Euro50 million in financing to Vantage Data Centers to expand the company's EMEA platform. This investment will support the expansion of Vantage's hyperscale data centre platform across Europe and South Africa.

The financing includes up to Euro300 million each from Ares Management and CDPQ, and up to Euro150 million from Schroders Capital. Proceeds from the financing, alongside incremental equity, will support the growth of Vantage EMEA's data centre portfolio.