IMCO to Invest up to $450 Million in Databank Recap
Posted on 10/03/2022
The Investment Management Corporation of Ontario (IMCO) signed an agreement to invest up to US$ 450 million in DataBank, a major edge infrastructure operator in the U.S. IMCO joins other new investors in DataBank’s recapitalization process, which was announced in June 2022 by DigitalBridge Group Inc.
DataBank works with large companies to deploy and manage their mission-critical applications and data across its nationwide platform. DataBank’s portfolio consists of 65+ operational data centers across 27+ markets with a diverse customer base.
Closing of the transaction is anticipated to be in the fourth quarter of 2022.
