LOS ANGELES and NEW YORK, January 31, 2025 –Proskauer, a leading international law firm, is pleased to announce that it advised affiliates of DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) and DataBank Holdings Ltd. (“DataBank”) in raising $600 million to support a secondary share sale and primary investment in DataBank, a leading provider of enterprise-class colocation, interconnection and managed services.
The capital raise, backed by a consortium of new and existing investors, strengthens DataBank’s position as a premier edge data center platform in North America. This transaction will provide liquidity to existing investors while also securing new capital to support DataBank’s continued expansion and strategic initiatives.
Proskauer represented DigitalBridge affiliates and their managed investment vehicles, as well as DataBank throughout the transaction, leveraging the cross-disciplinary strength of its Real Assets Group to advise on fund formation, M&A, tax and regulatory matters. The deal underscores the Firm’s deep expertise in private equity, digital infrastructure and complex sponsor-led transactions.