Ares(US:ARES) Prnewswireยท2024-05-16 10:31Core Insights - Ares Management, CDPQ, and Schroders Capital have agreed to provide up to EUR 750 million (approximately CAD 1.1 billion) in financing to Vantage Data Centers to expand its EMEA platform [1][2] - The financing will support the growth of Vantage EMEA's high-quality data center portfolio, which is one of the fastest-growing hyperscale data center platforms in the region [2][3] Group 1: Financing Details - Ares and CDPQ are each providing up to EUR 300 million, while Schroders Capital is contributing up to EUR 150 million [1] - The financing, along with incremental equity, aims to enhance Vantage's data center capabilities across Europe and South Africa [2][4] Group 2: Market Position and Growth - Vantage's EMEA portfolio consists of 14 campuses in key markets, targeting a combined IT capacity of 751MW once fully developed [2] - The data centers are contracted long-term to global cloud service providers and top-tier internet providers, indicating a strong demand for scalable and reliable computing power [2][4] Group 3: Strategic Importance - The investment reflects the increasing reliance on digital infrastructure due to AI adoption and cloud capacity demand [3][4] - Vantage is committed to environmental stewardship, aiming for net zero carbon emissions by 2030, which aligns with global sustainability goals [4]