Pantheon Infrastructure PLC Investment in North America data centre business (9771Q)
July 01 2022 - 2:00AM
UK Regulatory
TIDMPINT
RNS Number : 9771Q
Pantheon Infrastructure PLC
01 July 2022
PINT Announcement
01 July 2022
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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
(GBP28.6m 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 +44 (0) 20 3356 1800
Investment Manager pint@pantheon.com
Richard Sem, Partner
Harriet Alexander, Vice President harriet.alexander@pantheon.com
Investec Bank plc
Corporate Broker
Tom Skinner (Corporate Broking)
Lucy Lewis, Denis Flanagan (Corporate
Finance) +44 (0) 20 7597 4000
TB Cardew +44 (0) 20 7930 0777
Public relations advisor pint@tbcardew.com
Ed Orlebar +44 (0)7738 724 630
Tania Wild +44 (0)7425 536 903
Max Gibson +44 (0)7435 791 368
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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