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Pantheon Infrastructure PLC - Investment trust managed by Pantheon Ventures and focused on infrastructure assets - Invest $34.7 million in Vantage Data Centers. Company says Vantage is provider of wholesale data centre infrastructure to large enterprises and hyperscale cloud providers. Pantheon is already an existing investor in Vantage through its broader global infrastructure platform, it adds.
The investment will support Vantage's North American business' capital needs as its pipeline continues to grow. Vantage's North American business has data centre campuses in Santa Clara, Quincy, Ashburn, Phoenix, Montreal and Quebec City.
‘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,’ said Richard Sem, investment manager.
Current stock price: 103.36 pence, up 0.8% on Friday
12-month change: down 0.5%
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