Digital Bridge Holdings to acquire Vantage Data Centers for $1 billion: Report

Digital Bridge Holdings LLC, a firm that invests in data centers, has agreed to acquire Vantage Data Centers Management Co LLC from buyout firm Silver Lake Partners for well over $1 billion, including debt, people familiar with the matter said on Thursday.

The deal is the latest sign of consolidation in the data center sector. Industry players are seeking scale to cope with U.S. businesses’ burgeoning demand for data and video, which is fueling a revival in fiber optic services and data storage.

The deal will be announced once it closes, probably in the coming weeks, the three sources said, asking not to be identified because the matter is not public.