DataBank Announces $185M Equity Investment From Colony Capital

DataBank, a leading provider of enterprise-class data center, connectivity and managed services, today announced that Colony Capital (NYSE:CLNY) has made a $185 million investment into DataBank through the

Benzinga · 01/06/2020 14:02

DataBank, a leading provider of enterprise-class data center, connectivity and managed services, today announced that Colony Capital (NYSE:CLNY) has made a $185 million investment into DataBank through the purchase of secondary equity interests from existing investors Edgewater Funds and Allstate. Allstate will retain 50% of its interests and continue as a DataBank investor, while Edgewater will fully exit from its position. Nuveen will also continue as an important investor in DataBank, holding its original stake.