Like it or not data centres are the future, assuming society wants on-demand digital services to work efficiently. Here’s the word on a recent financing deal;
Infranity, a leading asset manager focused on infrastructure investments and part of Generali Investments, announces the successful closing of a €250 million financing for Pure Data Centres Group (“Pure DC” or the “Company”), having acted as anchor investor leading a €700 million financing round.
The financing aims to provide additional capital to support the continued development of its international data centre platform.
Pure DC is a global developer and operator of data centres for hyperscalers, backed by Oaktree Capital Management (“Oaktree”). The company operates a geographically diversified platform across Europe and other international markets, with 1GW of capacity live, or under development. Its portfolio comprises operational and in-flight assets serving leading hyperscale customers under long-term contracts and is positioned to benefit from growing demand for cloud computing and AI-related workloads.
The investment is aligned with Infranity’s strategy of supporting essential infrastructure, enabling the continued expansion of digital capacity while promoting greater energy efficiency and sustainable development.
Georgios Tzimas, Investment Executive Director at Infranity, said: “We are pleased to support Pure DC and Oaktree in the continued development of an international hyperscale data centre platform. This investment reflects Infranity’s strategy of backing essential, asset-intensive infrastructure supported by long-term demand fundamentals. It also demonstrates our ability to provide sizeable and flexible capital solutions to established sponsors and management teams as they deliver the next phase of their growth.”
Mike Schwartz, Chief Financial Officer, Pure DC, said: “The participation of new investors such as Infranity reflects confidence in our strategy, ability to execute, assets, customer relationships and delivery record. We’re grateful to Infranity and pleased to welcome them to the platform. This facility gives us tremendous flexibility as we continue to scale the business and advance our pipeline.”
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