Vantage Data Centers has closed an investment deal for a number of its European data center assets.

The company this week announced it had completed an investment partnership with DigitalBridge and a consortium of investors led by MEAG and Infranity.

The investment partnership initially consists of six stabilized data centers across Europe and is valued at approximately €2.5 billion ($2.7bn), including Vantage’s stake. Details of ownership stakes weren't shared.

Which data centers were included weren't shared, but Vantage said the facilities comprise more than 1.8 million square feet (167,225 sqm) and 177MW of capacity.

Vantage will continue to manage and operate the facilities. The investment will be used to fund the company’s continued expansion across Europe.

“This investment partnership provides Vantage with multiple partners with deep expertise in digital infrastructure,” said Vantage CEO Sureel Choksi. “This transaction provides Vantage with additional capital to continue our expansion in new and existing markets across EMEA, capitalizing on the extraordinary growth opportunities, driving innovation, and delivering state-of-the-art sustainable data centers for our customers.”

The investment partnership was first announced in April 2023. MEAG is the asset manager of the German insurance company Munich Re Group, while Infranity is a European asset management company specializing in sustainable infrastructure investments and is part of the Generali Investments ecosystem.

Dominik Damaschke, head of infrastructure equity of MEAG, said: “Data centers are the backbone of the increasing digitization of the economy, and we are proud to invest in a portfolio of top-tier hyperscale data centers in Europe. The investment is another milestone in MEAG‘s strategic expansion into digital infrastructure.”

Vantage has campuses in operation and developing in Germany (Berlin and Frankfurt), the UK (London and Cardiff), Italy (Milan), Poland (Warsaw), Switzerland (Zurich), and South Africa (Johannesburg). It has previously filed to develop a campus in Dublin, Ireland.

Jaime Hector, managing director and co-head of equity team at Infranity, added: “This investment highlights our unwavering commitment to advancing cutting-edge digital infrastructure, thereby strengthening our resolve to create a more sustainable and interconnected world.”

DigitalBridge acquired Vantage in 2017, expanding the company into Europe in 2020 with the acquisitions of Etix Everywhere and NGD. Last month Australian pension fund AustralianSuper invested in Vantage Data Centers’ EMEA operations.

Citi served as financial advisor, and Linklaters LLP and Loeb & Loeb LLP served as legal advisors to Vantage. Rothschild & Co served as financial advisor to MEAG and Infranity, and DLA Piper UK LLP served as legal advisor to the Investor Consortium.