DataBank, a provider of enterprise-class edge colocation, interconnection, and managed services, announced a $250 million equity investment from TJC LP (formerly The Jordan Company) and a $600 million secondary share offering. This new funding resulted from excess investor interest in the $2 billion primary equity round announced in October 2024 and this brings the total debt and equity raised in the past year and a half to nearly $5 billion.
The participants in the secondary share purchase acquired shares from existing investors and reflect the ongoing demand for, and interest in high-quality investments in the data center sector being driven by artificial intelligence.
BofA Securities and Citizens Capital Markets acted as financial advisors for DataBank. And Proskauer Rose acted as legal counsel to DataBank and Kirkland & Ellis LLP acted as legal counsel to TJC.
KEY QUOTES:
“We are delighted to have TJC join our investor group. Their investment and the secondary offering signal both confidence in our strategy and our proven ability to execute and scale the DataBank platform.”
– Raul K. Martynek, DataBank’s CEO
“We could not be more excited to partner with Raul, DataBank, and the other world-class digital infrastructure investors supporting DataBank’s robust growth plans. Data centers are the cornerstone of the digital transformation and artificial intelligence, and we believe DataBank is uniquely positioned to capitalize on the sustained demand for reliable, scalable, and energy-efficient infrastructure in an increasingly data-driven world.”
– Eion Hu, Partner at TJC
