Vantage Data Centers and Colony Capital forms strategic partnership in $1.2 billion investment

July 21, 2020

On July 21, 2020, Vantage Data Centers (“Vantage”) completed a $1.2 billion investment from a consortium of investors led by Colony Capital (NYSE:CLYNY), a global investment management firm. The investment includes 12 stabilized North American data centers, which span more than 1.4 million gross square feet and 150MW of IT capacity across key strategic markets in Santa Clara, California; Quincy, Washington; Montreal and Quebec City, Canada.

Vantage is one of the leading providers of wholesale data center infrastructure to large enterprises and hyperscale cloud providers.

Miller Thomson acted as Canadian counsel to Vantage on the transaction with a team comprised of Y. Ken Chun, Jay Sernoskie, Gregory Morin-Maltais, Carol Bai, Jamie Eichenbaum and Desmond Christy (Corporate/M&A); Eric Dufour and Reema Mahbubani (Competition), Alexandre Ajami (IP); Adina-Cristina Georgescu and Alexandre MacBeth (Environmental); Emmanuelle Gascon (Litigation); and Chantal Joubert (Real Estate).