Investment in North America data centre business

RNS Number : 9771Q

Pantheon Infrastructure PLC

01 July 2022

 

PINT Announcement

01 July 2022

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

PANTHEON INFRASTRUCTURE PLC

Investment in North America data centre business

Pantheon Infrastructure PLC ("PINT" or the "Company"), the listed global infrastructure fund, has agreed to invest $34.7m (£28.6m at current exchange rates) in Vantage Data Centers, one of the leading providers of wholesale data centre infrastructure to large enterprises and hyperscale cloud providers. The investment will support Vantage's North American business' capital needs as the business continues to grow with a strong near-term sales pipeline to both existing and new customers.

Vantage's North American business has data centre campuses in Santa Clara, Quincy, Ashburn, Phoenix, Montreal and Quebec City. The business focus on the hyperscale business segment offers a resilient commercial profile given long contract durations, limited historical customer churn, and customers with investment grade credit quality.

Strong secular trends such as growth in data usage continue to drive hyperscale data centre demand. Hyperscale represents the highest growth category in the data centre space due to increasing cloud adoption and increasingly data-heavy technologies (5G, AI, gaming, video streaming).  

PINT invested alongside DigitalBridge, a leading global investment manager, with $47 billion in assets under management. Pantheon is an existing investor in Vantage through its broader global infrastructure platform.

Richard Sem, Partner at Pantheon Ventures, PINT's investment manager, said: " We are delighted to invest in this high-quality asset, which we believe will offer us access to a strong growth opportunity. The data centre sector is benefitting from strong secular trends which we believe will continue into the long-term. We are especially pleased to partner again with DigitalBridge, a manager with a strong track record in digital infrastructure."

For further information, contact: 

Pantheon Ventures (UK) LLP Investment Manager Richard Sem, Partner Harriet Alexander, Vice President	[phone] [e-mail] [e-mail]
Investec Bank plc Corporate Broker Tom Skinner (Corporate Broking) Lucy Lewis, Denis Flanagan (Corporate Finance)	[phone]
TB Cardew Public relations advisor Ed Orlebar Tania Wild Max Gibson	[phone] [e-mail] [phone] [phone] [phone]

Notes to editors

Pantheon Infrastructure PLC (PINT)

Pantheon Infrastructure PLC is a closed-ended investment company and an approved UK Investment Trust, listed on the Premium Segment of the London Stock Exchange's Main Market. Its Ordinary Shares trade under the ticker 'PINT'. The independent Board of Directors of PINT have appointed Pantheon, one of the leading private markets investment managers globally, as investment manager. PINT aims to provide exposure to a global, diversified portfolio of high-quality infrastructure assets through building a portfolio of direct co-investments in infrastructure assets with strong defensive characteristics, typically benefitting from contracted cash flows, inflation protection and conservative leverage profiles.

LEI: 213800CKJXQX64XMRK69

Pantheon

Pantheon is a leading global private equity, infrastructure & real assets, private debt and real estate investor with 40 years' experience sourcing and executing private market investment opportunities on behalf of clients. Pantheon has $84.6 billion in assets under management and advice (as at 31 December 2021) and employs more than 400 staff, including more than 115 investment professionals, across offices in London, San Francisco, New York, Chicago, Hong Kong, Seoul, Bogotá, Tokyo, Dublin and Berlin.

Further details can be found at www.pantheon.com

 

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