$250 Million Investment by TJC Fuels DataBank’s Growth
DataBank, a leading provider of data center colocation, interconnection, and managed services, has secured a $250 million investment from TJC (formerly The Jordan Company). This funding follows heightened interest in the company’s $2 billion round last October. Over the past 18 months, DataBank has successfully raised nearly $5 billion in debt and equity, showcasing its ability to attract substantial financial backing.
$600 Million Secondary Share Offering Complements New Investment
In addition to the new funding, DataBank’s existing investors sold $600 million in shares. This secondary share offering reflects confidence in the company’s growth trajectory and strategic initiatives.
CEO’s Perspective on the Investment
Raul K. Martynek, CEO of DataBank, expressed enthusiasm about the developments. “We are delighted to have TJC join our investor group. Their investment and the secondary offering signal both confidence in our strategy and our proven ability to execute and scale the DataBank platform,” he said.
TJC’s Optimistic Outlook
Eion Hu, partner at TJC, emphasized the critical role of data centers in today’s digital landscape. “We could not be more excited to partner with Raul, DataBank, and the other world-class digital infrastructure investors supporting DataBank’s robust growth plans. Data centers are the cornerstone of the digital transformation and artificial intelligence, and we believe DataBank is uniquely positioned to capitalize on the sustained demand for reliable, scalable, and energy-efficient infrastructure in an increasingly data-driven world,” Hu remarked.
Financial and Legal Advisors Involved
DataBank was advised by BofA Securities and Citizens Capital Markets Inc. on this transaction. Proskauer Rose LLP provided legal counsel to DataBank, while Kirkland & Ellis LLP acted as legal counsel for TJC.
DataBank’s Expansive Portfolio
DataBank operates 72 data centers across the United States and one facility in the United Kingdom. The company manages an impressive total of 3.49 million square feet of data center space and supports a critical load capacity of 877MW. These capabilities position DataBank as a key player in meeting the growing demands for digital infrastructure.
Frequently Asked Questions (FAQs)
What is DataBank’s primary focus?
DataBank specializes in data center colocation, interconnection, and managed services, supporting businesses with reliable and scalable infrastructure solutions.
Why did TJC invest in DataBank?
TJC’s investment highlights their confidence in DataBank’s strategic vision and ability to scale. They see the company as uniquely positioned to address the rising demand for energy-efficient and scalable data infrastructure.
How much funding has DataBank raised recently?
Over the past 18 months, DataBank has raised nearly $5 billion in debt and equity, including this $250 million investment from TJC.
What is the significance of the $600 million secondary share offering?
The secondary share offering allowed existing investors to sell shares, further validating DataBank’s market value and growth potential.
How large is DataBank’s operational footprint?
DataBank operates 72 data centers in the US and one in the UK, managing 3.49 million square feet of space and supporting 877MW of critical load capacity.
