(Bloomberg) — DigitalBridge Group Inc. is contemplating the sale of a minority stake in Vantage Information Facilities, a deal that would elevate greater than $1.5 billion for the infrastructure specialist, folks with information of the matter mentioned.
US-based DigitalBridge is working with UBS Group AG to gauge purchaser curiosity, in keeping with the folks, who requested to not be recognized because the matter is non-public. A stake in Vantage Information Facilities is probably going to attract curiosity from monetary traders and different infrastructure funds, they mentioned.
Shares of DigitalBridge had been up 1% at 9:33 a.m. Wednesday in New York, giving the corporate a market worth of about $2 billion.
Deliberations are within the early phases and there’s no certainty that DigitalBridge will proceed with a proper sale course of, the folks mentioned. Representatives for DigitalBridge and UBS declined to remark, whereas Vantage Information Facilities couldn’t instantly be reached for remark.
Information facilities proceed to draw curiosity as infrastructure funds amass ever-bigger swimming pools of capital and search investments that may make the most of booming demand for cloud providers. Qatari telecom agency Ooredoo QPSC is contemplating carving out its information middle unit to draw new traders, whereas billionaire Patrick Drahi is exploring curiosity in a portfolio of information facilities he owns in France, Bloomberg Information reported final 12 months.
Vantage Information Facilities is among the many largest operators within the sector, operating about 26 campuses throughout 5 continents, in keeping with its website. The corporate has greater than 10 information facilities in Europe, the Center East and Africa and employs over 1,000 folks globally.
