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Digital Bridge Launches Data Center Platform with the Acquisition of DataBank
  • USA - English


News provided by

DataBank, Ltd.

Jul 14, 2016, 08:30 ET

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DataBank is Acquired by Digital Bridge
DataBank is Acquired by Digital Bridge

Dallas, TX & Boca Raton, FL (PRWEB) July 14, 2016 -- Digital Bridge Holdings, LLC, a leading global communications infrastructure company (Digital Bridge), announced the acquisition of DataBank, Ltd., (DataBank) a leading North American provider of enterprise-class data center solutions including colocation, managed services, as well as cloud and network services. Digital Bridge has partnered with Teachers Insurance and Annuity Association of America (TIAA), Allstate Investments and The Edgewater Funds in the acquisition. Financial terms of the transaction were not disclosed.

Digital Bridge is an ideal partner, they bring deep expertise in communications infrastructure, and the capital to support expansion in both our existing markets and new geographies.

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DataBank is headquartered in the historic former Federal Reserve Bank Building in downtown Dallas, TX, where it operates one of the major network interconnect facilities in the region. The company has six data centers located in downtown Dallas, North Dallas, Minneapolis and Kansas City. DataBank’s footprint and top-tier facilities are dedicated to providing uninterrupted access to customer data, applications, and IT equipment. DataBank's suite of managed services provides business solutions for corporate enterprises including hybrid cloud services, customized IT deployments, and industry compliant regulations to meet the outsourcing needs for IT management, maintenance and operations. The company serves a wide range of customer verticals including media and content distribution, cloud infrastructure providers, and telecom networks in addition to corporate enterprises.

“Digital Bridge is an ideal partner,” said Tim Moore, the CEO of DataBank. “They bring deep expertise in communications infrastructure, and the capital to support expansion in both our existing markets and new geographies. We see significant demand from current and potential customers, and believe that this transaction positions DataBank to capture those opportunities and accelerate our growth. We would like to thank Avista Capital for being a tremendous partner over the past five years. Avista’s perspective and resources helped shape the company and position DataBank to realize the many opportunities ahead of us.”

Digital Bridge, based in Boca Raton, Florida, was formed in 2013 through a partnership between Ben Jenkins, formerly of The Blackstone Group, and Marc Ganzi, formerly founder and CEO of Global Tower Partners. Digital Bridge is a leader in the acquisition, funding and management of companies in the communications infrastructure sector. Digital Bridge has an experienced team of senior executives with more than 90 years of combined data center industry experience to support DataBank’s management team, and help multiply this investment organically and through acquisitions.

“As part of our broader communications infrastructure strategy, we have assembled a team of senior executives with significant experience in the data center sector,” said Marc Ganzi, Founder and Chief Executive Officer of Digital Bridge. “DataBank has a premier brand and reputation. We are excited to have them as part of our portfolio, and to create a platform for growth and further industry consolidation.”

“I am excited to join the Board of DataBank and to collaborate with this talented management team," said Michael Foust, Founder and former CEO of Digital Realty Trust, who will serve as Chairman of the Board of Directors. “We believe DataBank has substantial capacity to grow in its existing footprint, and is well positioned to grow through the acquisition of colocation businesses and strategic developments.” Jon Mauck, former Chief Financial Officer of IO Data Centers, will also be joining the Board and serving as Chief Investment Officer to support acquisitions, expansion and strategic transactions.

Robert Girardi, a Partner at Avista Capital Partners added, “It has been a pleasure partnering with DataBank's management team over the last five years. We are incredibly proud of the company’s growth and performance since Avista’s investment in June 2011. DataBank is now well-positioned to capitalize on future opportunities and we wish them continued success.”

D.H. Capital served as the exclusive financial advisor, and Kirkland & Ellis LLP acted as the legal advisor to DataBank in connection with the transaction. Jones Day acted as lead M&A counsel, Kleinbard acted as investment structure counsel, and Ernst and Young served as accounting advisor to Digital Bridge. SunTrust Robinson Humphrey, Inc., together with CIT Bank N.A., TD Securities (USA) LLC and AB Private Credit Investors LLC, has provided the debt financing commitment for the acquisition.

About DataBank
DataBank is a leading provider of enterprise-class business solutions for Data Center, Managed Services, and Cloud. We aim to provide our customers with 100% uptime availability of all their critical data, applications and deployed infrastructure. Our suite of services is anchored by our top-tier data center environments and highly available robust connectivity. We offer customized deployments tailored to effectively manage risk, improve technology performance and allow our clients to focus on their own core business objectives. DataBank is headquartered in the historic former Federal Reserve Bank Building in downtown Dallas, TX and has additional data centers in North Dallas, Minneapolis and Kansas City. For more information on DataBank locations and services, please visit http://www.databank.com or call 1(800) 840-7533. (http://www.databank.com)

About Digital Bridge Holdings
Founded in 2013 by Marc C. Ganzi and Ben Jenkins, Digital Bridge is focused on the ownership, investment and active management of companies in the communications infrastructure sector. Since inception, Digital Bridge has raised over $4 billion of debt and equity capital used to acquire and invest in the development of five communications infrastructure businesses, including ExteNet Systems, Vertical Bridge, Andean Tower Partners, Mexico Tower Partners, and Q Towers International. (http://www.digitalbridgellc.com)

About Avista Capital Partners
Avista Capital Partners is a leading private equity firm with approximately $6 billion under management and offices in New York, Houston and London. Founded in 2005, Avista makes controlling or influential minority investments in growth-oriented healthcare, industrial and communications businesses. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses. (http://www.avistacap.com)

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Aaron Alwell, DataBank, Ltd., http://www.databank.com, +1 (214) 550-1827, [email protected]

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