Secondary Buyout • Information Technology

PSP Investments, DigitalBridge Group, Silver Lake, GIC, ADIA and CPP Investments Acquire Vantage Data Centers

On March 27, 2017, pension PSP Investments, infrastructure investor DigitalBridge Group, private equity firm Silver Lake, sovereign wealth fund GIC, sovereign wealth fund ADIA and pension CPP Investments acquired information technology company Vantage Data Centers from Silver Lake

Acquisition Context
  • This is PSP Investments’ 1st, DigitalBridge Group’s 3rd, Silver Lake’s 12th, GIC’s 3rd, ADIA’s 3rd and CPP Investments’ 3rd transaction in the Information Technology sector.
  • This is PSP Investments’ 8th, DigitalBridge Group’s 4th, Silver Lake’s 65th, GIC’s 7th, ADIA’s 3rd and CPP Investments’ 22nd transaction in the United States.
  • This is PSP Investments’ 1st, DigitalBridge Group’s 1st, Silver Lake’s 3rd, GIC’s 1st, ADIA’s 1st and CPP Investments’ 3rd transaction in Colorado.

Explore All 580 Secondary Buyout Information Technology Deals - Search the Database Free


M&A Deal Summary

Date March 27, 2017
Target Vantage Data Centers
Sector Information Technology
Buyer(s) PSP Investments
DigitalBridge Group
Silver Lake
GIC
ADIA
CPP Investments
Sellers(s) Silver Lake
Deal Type Secondary Buyout
Advisor(s) RBC Capital Markets
Citizens Digital Infrastructure M&A Advisory (Financial)
Simpson Thacher & Bartlett (Legal)

Target Company

Vantage Data Centers

Denver, Colorado, United States
Vantage Data Centers is a scalable, flexible and efficient data center offering unique value through its commitment to exceptional customer service. Vantage offers data center design solutions engineered to meet the unique requirements of enterprises, technology companies and service providers. Vantage was founded in 2010 and is based in Denver, Colorado.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 6

Buyer

PSP Investments

Investor Investor Investor Investor Investor


Category Pension
Founded 1999
PE ASSETS 299.7B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.


Deal Context for Buyer #
Overall 16 of 32
Sector: Information Technology 1 of 1
Type: Secondary Buyout 6 of 12
State: Colorado 1 of 1
Country: United States 8 of 12
Year: 2017 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-22 Cerba HealthCare

Issy-les-Moulineaux, France

Cerba HealthCare is an operator of clinical pathology laboratories, with a number one position in France and strong market positions in Belgium and Luxembourg. The majority of Cerba's revenues are generated via routine lab tests. Cerba HealthCare was founded in 1967 and is based in Issy-les-Moulineaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-22 Fives

Paris, France

Fives is an international industrial engineering group that designs and produces equipment, primarily for the automotive, steel and aluminium industries. Fives has participated in the modernization of various global industries, including steel, aluminium, cement, energy, and more recently, the automotive and aerospace industries, as well as logistics. Fives was founded in 1812 and is based in Paris, France.

Buy -
Buyer
DESCRIPTION
DigitalBridge's headquarters in Boca Raton, Florida.
DigitalBridge's headquarters in Boca Raton, Florida.

DigitalBridge Group is a global digital infrastructure investment firm. The Firm looks to acquire a variety of assets and operating businesses spanning cell towers, data centers, fiber, small cells, and edge infrastructure. DigitalBridge is headquartered in Boca Raton, Florida.


Deal Context for Buyer #
Overall 6 of 23
Sector: Information Technology 3 of 6
Type: Secondary Buyout 2 of 7
State: Colorado 1 of 2
Country: United States 4 of 10
Year: 2017 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 Andean Telecom Partners

Hollywood, Florida, United States

Andean Telecom Partners is a privately-owned provider of wireless communications infrastructure in the Andean region. Andean Telecom Partners owns, operates, and manages telecommunications towers, rooftops, small cells, and DAS (distributed antenna systems) solutions for mobile operators. Andean Telecom Partners was founded in 2011 and is based in Hollywood, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-11 Digita

Helsinki, Finland

Digita is an independent tower operator with nationwide portfolios in Finland and Iceland. Digita was founded in 1999 and is based in Helsinki, Finland.

Buy -
Buyer

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


Deal Context for Buyer #
Overall 85 of 137
Sector: Information Technology 12 of 18
Type: Secondary Buyout 13 of 21
State: Colorado 3 of 4
Country: United States 65 of 97
Year: 2017 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Qunar.Com

Beijing, China

Qunar.Com, Inc. provides information on flight tickets, hotels, packages, visas, and other travel services. Qunar.Com was founded in 2005 and is based in Beijing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Penguin Solutions

Fremont, California, United States

Penguin Solutions enable AI and demanding, critical IT and OT workloads by simplifying and advancing data center and edge infrastructure through high-performance and high-availability solutions and services. Penguin Solutions offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. Penguin Solutions was founded in 1988 and is headquartered in Fremont, California.

Sell -
Buyer
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


Deal Context for Buyer #
Overall 19 of 47
Sector: Information Technology 3 of 4
Type: Secondary Buyout 8 of 17
State: Colorado 1 of 1
Country: United States 7 of 18
Year: 2017 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Allfunds

Madrid, Spain

Allfunds is a business-to-business mutual fund distribution platform. The Company serves as a global marketplace, helping financial institutions gain access to third-party mutual funds and ETFs for their end customers. Allfunds was founded in 2000 and is based in Madrid, Spain.

Buy €1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Capital First

Mumbai, India

Capital First is a diversified specialty finance company that provides loans to retail customers (including secured loans to small and medium enterprises, consumer durables loans, two-wheelers loans and gold loans) and corporates including loans to real estate developers and loans to business owners secured against shares of publicly traded companies. Capital First is based in Mumbai, India.

Buy -
Buyer

ADIA


Category Sovereign Wealth Fund
Founded 1976
PE ASSETS 875.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund that invests the Emirate of Abu Dhabi’s surplus revenues for long-term global value creation. Its investment mandate spans a highly diversified portfolio—including equities, fixed income, private equity, real estate, infrastructure, and financial alternatives—across all major regions worldwide. ADIA was established in 1976 and is headquartered in Abu Dhabi, United Arab Emirates.


Deal Context for Buyer #
Overall 5 of 17
Sector: Information Technology 3 of 3
Type: Secondary Buyout 3 of 5
State: Colorado 1 of 1
Country: United States 3 of 8
Year: 2017 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-10 Alight Solutions

Chicago, Illinois, United States

Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities. Alight Solutions is based in Chicago, Illinois.

Buy $4.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 UPL

Mumbai, India

UPL is a global generic crop protection, chemicals and seeds company. UPL was founded in 1969 and is based in Mumbai, Maharashtra.

Buy -
Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 40 of 176
Sector: Information Technology 3 of 18
Type: Secondary Buyout 8 of 46
State: Colorado 3 of 3
Country: United States 22 of 82
Year: 2017 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-24 Delhivery Logistics

Gurgaon, India

Delhivery Logistics is a supply chain services company focused on digital commerce. Delhivery provides express logistics services in over 600 cities in India and in more than 8,500 pin-codes and operates 12 fulfillment centers for B2C and B2B fulfillment services. Delhivery Logistics was founded in 2011 and is based in Gurgaon, Haryana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-28 Indus Towers

Gurugram, India

Indus Towers is an operator of telecommunication services businesses in India. Bharti's primary assets include national and international long distance licenses, cellular licenses in four metropolitan cities and 11 states and fixed line licenses in five states. Indus Towers was founded in 2006 and is based in Gurugram, Haryana.

Buy -

Seller Profile 1

SELLER

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


Deal Context for Seller #
Overall 40 of 66
Sector: Information Technology 6 of 9
Type: Secondary Buyout 7 of 10
State: Colorado 2 of 2
Country: United States 29 of 51
Year: 2017 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Qunar.Com

Beijing, China

Qunar.Com, Inc. provides information on flight tickets, hotels, packages, visas, and other travel services. Qunar.Com was founded in 2005 and is based in Beijing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Penguin Solutions

Fremont, California, United States

Penguin Solutions enable AI and demanding, critical IT and OT workloads by simplifying and advancing data center and edge infrastructure through high-performance and high-availability solutions and services. Penguin Solutions offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. Penguin Solutions was founded in 1988 and is headquartered in Fremont, California.

Sell -