#United States #Dallas #AI Infrastructure #DataBank #TJC LP

DataBank Secures Major Investment and Share Offering

DataBank, a major player in enterprise-grade edge colocation and managed services, recently revealed substantial financial maneuvers aimed at bolstering its operations within the ever-evolving data center landscape. On January 30, 2025, the company announced a notable $250 million equity investment from TJC LP, along with a simultaneous $600 million secondary share sale. These moves come as a response to overwhelming interest from investors following a $2 billion primary equity round disclosed in October 2024, which proved highly oversubscribed. With this latest influx of capital, DataBank’s total raised capital in the past 18 months has surged to nearly $5 billion.

The secondary share sale allows existing investors to optimize their holdings while reflecting the robust demand for high-quality investments, particularly in the data center sector which is becoming increasingly integral to the digital economy, particularly shaped by artificial intelligence developments.

CEO Raul K. Martynek expressed enthusiasm over the new partnership formed with TJC, stating, “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.” This sentiment is echoed by TJC Partner Eion Hu, who noted, “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.”

Moreover, financial advisors BofA Securities and Citizens Capital Markets Inc. facilitated these transactions, while legal representation was ensured by Proskauer Rose LLP for DataBank and Kirkland & Ellis LLP for TJC.

About DataBank

DataBank stands as a sentinel in the data service domain, aiding some of the largest enterprises, technology providers, and content creators in maintaining a robust, secure, and compliant IT infrastructure. The company was recognized by Deloitte and Inc. 5000 in 2024 as one of the fastest-growing private companies in the United States. With a sprawling network comprised of over 65 enterprise-level, ‘HPC-ready’ data centers located across more than 27 markets, plus 20 interconnection hubs, DataBank is well-equipped to meet the demands of the AI-driven era. Their operational promise includes contract portability, managed security, compliance support, and a commendable 100% uptime availability, ensuring that clients navigate the complexities of their digital transformations with confidence.

About TJC

TJC LP, known formerly as The Jordan Company, boasts a rich 40-year history of collaboration with diverse CEOs and entrepreneurs spanning various sectors, such as healthcare and technology infrastructure. With more than $32.1 billion in assets under management as of September 30, 2024, TJC operates out of major cities including New York and Chicago, facilitating over 85 investments in its storied history.

As DataBank propels forward with this fresh round of investments, the company aims to further develop new data center campuses, signifying an unwavering commitment to advancing its mission within an increasingly data-centric global landscape.

To explore additional insights into DataBank or to schedule a facility tour, visit their official site or reach out directly at 1(800) 840-7533.