DigitalBridge Completes Deconsolidation of Vantage SDC

DigitalBridge Group (NYSE: DBRG) announced that it no longer holds a controlling financial interest in Vantage Stabilized Data Centers and has deconsolidated Vantage SDC effective December 31, 2023. Vantage SDC was the sole remaining asset in DigitalBridge’s Operating segment, which has been discontinued. The company’s Investment Management segment became DigitalBridge’s sole line of business as of December 31, 2023.

The company’s equity investment in Vantage SDC is now a 12.8 percent ownership interest, diluted from 13.1 percent following a sequence of financial transactions. That ownership level excludes interests held by limited partners in other DigitalBridge-managed investment vehicles. DigitalBridge’s stake in Vantage SDC will be carried under its Investment Management segment on the company’s balance sheet. 

“I am pleased to report that today we are a pure-play alternative asset manager, fully aligned with our investment partners to drive long-term returns powered by the secular demand for digital infrastructure and our history of building value in the sector,” says Marc Ganzi, DigitalBridge Group CEO. “With the deconsolidation of Vantage SDC, we achieved a key 2023 objective, simplifying our business profile and reporting structure, while continuing to maintain financial exposure to Vantage SDC’s high-quality data center assets serving key power-constrained North American markets.”

Vantage SDC is a portfolio of 13 hyperscale data centers serving four North American markets. The business is managed and operated by Vantage Data Centers, a DigitalBridge Group portfolio company which operates 32 data center campuses across the North America, Asia-Pacific, and Europe, Middle East, and Africa regions. 

Vantage Data Centers recently received a $6.4 billion equity investment led by DigitalBridge and Silver Lake, Inside Towers reported.

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