Given our long history as an owner and operator of high-quality infrastructure assets in Brazil, DLR approached us to partner in a joint venture. Cloudflare Ray ID: 7d1045b62dc3177d This site is protected by reCAPTCHA and the Google Privacy Policy Terms of Service apply. This is making the deal easier to complete at a time when high interest rates and market volatility have made debt for leveraged buyouts scarcer and more expensive. Brookfield, DigitalBridge in bidding war for Compass Datacenters Digital leaders harness Equinixs trusted platform to bring together and interconnect foundational infrastructure at software speed. It took Switch private last year in an $11 billion deal in partnership with IFM. 01/06/2023. Furthermore, Brookfield Infrastructure purchased Triton International, a freight container lessor, for approximately $4.7 billion. Data centers have been a hot area for mergers and acquisitions, as the sector is relatively fragmented and has strong growth potential, with companies increasingly doing more business online. Our data centers - Bahnhof Cloud The alternative asset management firm joins a group of companies also weighing bids for the London-based operator including Blackstone Inc. (NYSE: BX), KKR & Co. (NYSE: KKR), DigitalBridge (NYSE: DBRG), Equinix (NASDAQ: EQIX), and Digital Realty (NYSE: DLR). Will the Data Protection and Digital Information Bill (No 2) reduce the regulatory burden? Brookfield Infrastructure Partners ( NYSE: BIP) and DigitalBridge ( NYSE: DBRG) are competing to purchase Compass Datacenters LLC for more than $5.5 billion, including . Brookfield Weighs Takeover of Data-Center Firm Switch The alternative asset manager is among potential buyers circling Las Vegas-based Switch as it weighs a sale, said the people, who asked to not be identified because the matter is private. Brookfield Infrastructure Partners and DigitalBridge Group are in fierce competition to acquire Compass Datacenters for a sum exceeding $5.5 billion, which includes debt. Intelligence and Strategic Advisors (i.s.a.)'s Post DigitalBridge nearing deal for data-center firm Switch Global Switch is controlled by Chinese steelmaker Jiangsu Shagang Group Co. (SHE: 002075) and backed by Avic Trust Co. One of its flagship deals for the year has been the creation of a 50/50 joint venture focused on the development, ownership and operation of institutional data centres in India alongside Digital Realty. Vertiv - Official Web Site Brookfield Weighs Takeover of Data-Center Firm Switch (Bloomberg) -- Brookfield Asset Management Inc. is exploring a takeover of data-center operator Switch Inc., according to people familiar with the matter. 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See various thought leadership and information exchange channels that power the digital transformation. Deploy digital infrastructure securely and rapidly to assemble your digital advantage in minutes, not months. It is owned by RedBird Capital Partners, Ontario Teachers Pension Plan, and the Azrieli Group. The report contains in-depth market and vendor-level information on manufacturers' revenue; ports shipped; average . You can unsubscribe at anytime. Anirban rejoined Reuters in 2019 as Editor in Charge, Finance to lead a team of reporters, covering everything from investment banking to venture capital. Compass Datacenters, Brookfield Infrastructure Partners and DigitalBridge declined to comment. Read our press releases for the latest news and stay up to date on what's happening at Equinix. DigitalBridge & IFM complete Switch Inc acquisition - DCD Brookfield Asset Management Inc. is exploring a takeover of data-center operator Switch Inc., according to people familiar with the matter. These cookies allow us to track your navigation of the website to create profiles of your tastes, habits, choices, etc., to send you promotional messages targeted to your preferences. Offers may be subject to change without notice. A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers, Login or Register to comment on this article. 60 minutes featuring the brightest minds on Wall Street, taking you through the most important hour of the trading day. Access a rich library of detailed blueprints, design patterns and playbooks to help you to become a digital enterprise. Access to Asias thriving banking, commerce, manufacturing and telecommunications marketplaces. Future-proof and safeguard your data with world-class data center services with the highest operational reliability. in minutes. Prefabricated Modular Data Center for Digital Growth. Inside the Making of Redfall, Xboxs Latest Misfire, Apple Plans Major Retail Push With New Stores Across China, US, China Mulls New Property Support Package to Boost Economy, Yields Rise as Traders Bet on One Fed Hike by July: Markets Wrap. All rights reserved. DigitalBridge nearing deal for data-center firm Switch- Bloomberg News This site is protected by reCAPTCHA and the Google Privacy Policy Terms of Service apply. Brookfield Asset Management Inc. is exploring a takeover of data-center operator Switch Inc., according to people familiar with the matter. Buy Now Learn More. Brookfield Weighs Takeover of Data-Center Firm Switch - Statfolio The joint venture operates under the brand name BAM Digital Realty with analysts forecasting an investment over the next 10 years to reach between $5 and over $10 billion, with at least $2 billion committed for market entry. Use of this site constitutes acceptance of our Terms of Service, Privacy Policy, Citations Policy and Modern Slavery Act Policy. View more property details, sales history, and Zestimate data on Zillow. Elementica (Stockholm) - our largest data center. Learn more about our initiatives to advance digital inclusion and ensure a more accessible, equitable and sustainable future for communities around the world. Equinix (Nasdaq: EQIX) is the worlds digital infrastructure company. Assemble infrastructure in minutes, put workloads and applications close to your users and stay secure and connected across the most dynamic industries. Data Center Company & Enterprise Network Technologies | Equinix On its website, Brookfield says it owns some 50 data centers globally, along with more than 163,000 tower & rooftop sites and some 22,000km of fiber. (ZH), Korea Brookfield, one of the largest alternative asset managers in the world, has been active in the space for years, including agreeing to buy data-center operations from AT&T Inc. in 2018. U.S. retail vacancy rates hit a 15-year low at 6.1% in Q2, with increased rents.M Investors on the hunt for discounts should look to snatch up undervalued dividend stocks like Sun banks-vw0510 The technology is here, but politics may stand in the way. Brookfield Weighs Takeover of Data-Center Firm Switch Brookfield Asset Management is exploring a potential takeover of Switch, which has a market value of about $7.6 billion, Bloomberg reported.The company is among the largest publicly listed data center operators in the US. 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Publicly traded office real estate trusts have seen their values drop precipitously Brookfield Infrastructure: 100 Trillion Reasons To Love This 4.1% Yielding SWAN (NYSE:BIP), Tracking Akre Capital Management Portfolio - Q1 2023 Update (MUTF:AKREX), Top Property Owners Are CreditworthyThey Might Default Anyway, The Resurgence of Retail Real Estate: Three Companies to Watch, 3 Canadian Dividend Stocks That Are Undervalued and Ready to Soar, Posthaste: Canadians are worried about the health of the country's banks after U.S. failures, Elliott, Patient Square and Veritas Near Takeover of Syneos, Brookfield Property Preferreds: FFO Goes Negative (NASDAQ:BPYPN), Howard Marks to Have Treatment for Throat Cancer, FT Reports, '50% correction': Why Canada's office real estate sector is heading for a reckoning. Infrastructure investors DigitalBridge and Brookfield are in competition to acquire Compass Data Centers. (IT), Poland We are committed to safeguarding our customers data, services and deployments across our expansive global platform. TTC may receive compensation or some links to products and services on this website. Results from the first major analysis of the impact of liquid cooling on data center PUE and efficiency show a 15.5% improvement in energy usage effectiveness. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. DLR is a leading global provider of data center, colocation and interconnection solutions. For more information on which cookies we use, click here. (EN), China Equinix is powering a more sustainable digital world. Exponen Switch expects to reach between US$660 million and US$674 million in revenues throughout 2022 and invest between US$510 million and US$560 million in capital expenditure this year. No final decision has been made and Brookfield could opt against pursuing a deal, the people added. Higher Prices and Backlog Release Catapulted Data Center Switch Sales Find out how we fulfill our sustainability goals. Please. Is this happening to you frequently? Build business advantage and multicloud access with Cisco SD-WAN. Safeguard mission-critical data with the highest levels of security and operational reliability with an industry-leading uptime. With the closing of the deal, Switch has been taken private and is no longer listed on the New York Stock Exchange. December 1, 2021. Brookfield Asset Management Inc. is reportedly considering a takeover of data center operator Switch Inc. Bloomberg reports the asset manager is among potential buyers circling Las Vegas-based Switch as it weighs a sale, citing 'people familiar with the matter.' - Switch Switch is one of the largest publicly traded data-center operators in the United States. A portfolio company of Brookfield Infrastructure, the company was launched in January 2019 following Brookfield's acquisition of AT&T's data centre assets. Dallas, Texas-based Compass Datacenters provides customized data centers for companies. Switch You can also rent office space adjacent to the server halls. 1803 Norhardt DRIVE UNIT 1803, Brookfield, WI 53045 is currently not for sale. See how Equinix helps you build and future-proof your business. Brookfield Is Said to Weigh Takeover of Switch (Correct) Please try again. London, UK, Apr. DigitalBridge had a market capitalization of $3.31 billion, while that of Switch was $7.29 billion, according to data from Refinitiv. (This story has been corrected to say the auction is being held for Compass, not DigitalBridge, in paragraph 2). AT&T Sells 31 Data Centers to Brookfield for $1.1B . (EN), Canada These cookies allow us to collect and analyze traffic and use of the website on an anonymous basis and to understand and improve how visitors use the website, including which pages and products are viewed most frequently. Brookfield weighs takeover of data-center firm Switch By signing up you agree to our, Shortlist announced for The Tech Capital Global Awards 2023, 7 reasons to attend The Tech Capital International Finance Forum and Global Awards 2023, Best practices for digital infrastructure businesses impacted by SVB's collapse, EdgeConneXs CEO on the sustainable path to becoming a global leader in the data centre industry, Opportunity and Growth: PTC CEO on the ever changing role of the 45-year-old conference, How investor sentiment is changing towards Africas digital infrastructure, Ep. Digital Realty and Brookfield Infrastructure to Establish Joint Venture Her content usually appears in the markets and deals sections of the website. Lsungen fr Home Office Mittelstand Unternehmen, /4a7eb2/globalassets/images/main-images/1600x480/1600x480-246752_246754_0.jpg, /48f702/globalassets/images/main-images/1600x480/1600x480-cox-project-edge-datacenter-ibb_6464-installationct_252452_1.jpg, /490add/globalassets/images/main-images/1600x480/1600x480-t-systems-colocation-and-cloud-night-back-view-102901_253043_1.jpg, Liebert Komplettsysteme fr Auenbereiche, Liebert Kaltwasserstze mit freier Khlung, Liebert Temperaturregelung und -berwachung, Vertiv Modulare Elektrorume und Schlitten, Quantifying Data Center PUE When Introducing Liquid Cooling. Leverage off-premises, managed IT delivery services across multiple clouds. Wenn Sie auf Alle akzeptieren klicken, stimmen Sie der Speicherung von Cookies auf Ihrem Gert zu, um die Navigation auf der Website zu verbessern, die Nutzung der Website zu analysieren und zur Untersttzung unserer Marketingaktivitten. Seamlessly connect users, their cars and data at the digital edge. Bloomberg via Yahoo Finance 25 . You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan,and submit your feedback using our Accessibility webform. Get specialized products that support evolving equipment standards and technology requirements. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Zgern Sie jedoch nicht, uns anzurufen, wenn Sie etwas bentigen. The two companies are launching a 50/50 joint venture that will look for ways to establish data center footprint in the high-growth market that has been a conspicuous gap in the global portfolio of Digital, the world's second largest data center provider. Performance & security by Cloudflare. Our Standards: The Thomson Reuters Trust Principles. Explore how customers achieve the reach, scale and agility they need to lead transformation for their digital business. Streamline supply chains for customization and innovation. 17 - How to survive the startup marathon like a hero, with Rachel Turner, Ep. A Global Switch spokesperson told The Tech Capital: Global Switchs shareholders have informed the company that they continue to evaluate their options to potentially introduce international strategic investors to the company and create liquidity for their stakes at the same time. Dealmaking in the data center sector has spiked in recent years as the rapid growth of the sector, fueled by cloud computing, has attracted large infrastructure investors, and the fragmented nature of the industry has driven consolidation. Proactively solve supply chain inefficiencies and deliver a better customer experience, while lowering costs. London, UK, Apr. Bypass the public Internet and offer reliable, faster connections to Azure with superior data privacy and security. Milana previously worked at GLG and PE Hub, where she spent several years covering TMT deals in private equity. The action you just performed triggered the security solution. (FR), Latin America (FR), Turkey Switch Inc Q1 2022: Sale Process Nears End as DigitalBridge Swoops . Gillian Tan and Scott Deveau, Bloomberg News. Build fast, secure and consistent hybrid multicloud infrastructures to deliver hybrid IT at scale. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. (PL), Sweden Brookfield's acquisition of Data4 is the largest M&A deal in the data center space so far in 2023. -. Established in 2019, Evoque Data Center Solutions is a US colocation provider that operates an excess of 30 data centre facilities worldwide. Address the new commerce and collaboration models that create new sources of growth and capture new revenue. (PT), Canada BlackRock Contacts and Worldwide Office Locations | BlackRock Data Center Services. Brookfields portfolio company DCI Data Centers (DCI) has also been heavily investing in expanding its Australian footprint. Evoque: Colocation services from the Brookfield subsidiary | Data 2023 Kizhakedath Media Services. Global Switch Eyes $11bn Data Center Deal, What Do They Own? DigitalBridge, headquartered in Boca Raton, Florida, is an investment firm specializing in digital infrastructure. This is what should show when i click on the modal link. Switch - World-Renowned Data Centers and Technology Solution Ecosystems Mary Zhang. It unfortunately exited t (Bloomberg) -- Howard Marks, Oaktree Capital Managements co-founder, will have treatment for a c reits-0428-ph The news comes after Bloomberg originally reported in late March that Switch (, Switch announced in November that it's board approved a plan for the company to. A trusted benchmark to accelerate digital transformation. (JA), Hong Kong 16 You never have perfect information, but do take action, says Richard Sem Great Business Minds, Ep. Brookfield also created a new company, Evoque, to operate data centers, notes Fanning. Global Switch owns and operates 13 data centres in Europe and Asia Pacific spanning about 428,000 sqm/4.6 million sq ft. Brookfield Asset Management (NYSE: BAM) is among suitors bidding to acquire operator Global Switch which could deliver this years fourth US$10 billion-plus data centre acquisition, according to sources speaking to The Tech Capital. Boca Raton, Florida-based DigitalBridge is a digital infrastructure investment firm, which manages nearly $69 billion in assets. Explore key trends, opportunities, solve for key challenges through insights from leading analyst firms. Brookfield eyes data center specialist Switch | PitchBook Kunden knnen mit der Augmented Reality-App Lsungen fr Rechenzentren erkunden, Die Besitzer von Rechenzentrumsinfrastruktur knnen jetzt solche Verbrauchertechnologien wie erweiterte oder Augmented Reality-Apps dafr nutzen, Lsungen fr ihre Rechenzentren interaktiv zu beurteilen. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Leverage the Equinix API framework as a foundational component to power your digital business. Brookfield representatives were not available for comment. Brookfield racing for Switch data centre portfolio takeover December 07, 2022 By Dan Swinhoe Comment DigitalBridge & IFM Investors have completed the $11 billion acquisition of data center firm Switch Inc. Contact:+1 (646) 705 9409. 15 - 'If we think just with what we know, we are not thinking much at all,' says Mark Wilson - Great Business Minds, The rise of AI and ML in data backup systems. Access a rich library of resources to help inform your digital strategy. (Software is addressed separately.) It climbed 3.8% to end at US$31 in New York trade Monday, giving the firm a market capitalization of around US$7.6 billion. Refusal of these cookies will not affect the proper functioning of the website but will prevent us from being able to send your promotional messages targeted to your preferences. Brookfield interest in data centres and the wider digital infrastructure sector has seen the company and its subsidiary Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) heavily invest in the sector throughout 2021, especially across Asia Pacific. Brookfield Asset Management Inc. is exploring a takeover of data-center operator Switch Inc. Switch rose 3.8 per cent to close at US$31 in New York trading Monday, giving the company a market value of about US$7.6 billion. The information you requested is not available at this time, please check back again soon. Brookfield Infrastructure is the best high-yield pure-play infrastructure stock I've ever seen. See how software-defined infrastructure and digital-first strategies shape and scale the global digital economy. Use of this site constitutes acceptance of our Terms of Service, Privacy Policy, Citations Policy and Modern Slavery Act Policy. Atlanta 725 Ponce de Leon Ave NE Atlanta, GA USA 30306 Phone: 470-520-5000: Boston 60 State Street Boston, MA, USA 02109 Phone: 617-357-1200: Chicago 227 West Monroe Street, Chicago, IL, USA 60606 Phone: 312-395-9300: Dallas 5910 North Central Expressway, Dallas, TX, USA 75206 Phone: 214-346-7340: Denver 44 Cook Street Denver, CO, 80206 United States Phone: 303-468-5500 Offers may be subject to change without notice. 1803 Norhardt DRIVE UNIT 1803, Brookfield, WI 53045 (ES), United Kingdom Switch gains on report of Brookfield Asset takeover interest The roughly 1.3 million square foot parcel in Airoli was sold by K Raheja Corp for a cash consideration of around Rs 550 crore ($76.45 million). (EN), As the worlds digital infrastructure company. The Deal reported in February that Compass Datacenters was exploring a sale. The plans include everything from greenfield development to acquisitions. The alternative asset manager is among potential buyers circling Las Vegas-based Switch as it weighs a sale, said the people, who asked to not be identified because the matter is private. (PT), Spain Have a question or need additional information regarding Equinix, our solutions or services? Access EMEA's leading financial, telecommunications, manufacturing and commercial ecosystems. - Switch piranka/E+ via Getty Images. Equinix data centers are designed with high operational standards and energy efficiency in mind. Learn how Schneider Electric, the leader in the digital transformation of energy management and automation, is empowering its customers to make the most of our energy and resources. If you have an ad-blocker enabled you may be blocked from proceeding. The 2,087 Square Feet condo home is a 3 beds, 3 baths property. (DE), Switzerland Careers | Switch See here for a complete list of exchanges and delays. Exclusive: Brookfield enters $11bn race to buy Global Switch These cookies are not strictly necessary for the website to work but will provide you a better browsing experience. Russia Seeks to Annex Occupied Ukraine as Invasion Goals ShiftCiti Trader Made Error Behind Flash Crash in Europe StocksUkraine Latest: Russia Seeks to Annex Occupied TerritoryAs Putin Gets Desperate, U.S. Should Remember Pearl HarborBidens Team Eyes $125,000 Income Cutoff for Student Loan Relief, Start tracking your investments with Statfolio. ${currentyear} Equinix, Inc. All rights reserved.
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