BlackRock-Backed Group Commits $5 Billion for Aligned Data Centers After Completing Acquisition
The consortium added $5 billion in growth capital as it seeks to expand Aligned’s AI-ready capacity, the company said.
- On Tuesday, a consortium backed by BlackRock and Abu Dhabi-based MGX closed its $40 billion acquisition of Aligned Data Centers, the largest data-center acquisition on record.
- Following the purchase, the consortium committed an additional $5 billion in growth capital to expand Aligned's AI-ready capacity, with Chief Andrew Schaap continuing to lead the Texas-based company.
- AIP—Formed by BlackRock, GIP, MGX, Microsoft, and Nvidia—completed this first deal, as Aligned operates 51 campuses with more than 6.4 gigawatts of capacity globally.
- This acquisition caps a frenzy in digital infrastructure, where firms from KKR to Brookfield have invested heavily, following Australian asset manager Macquarie Asset Management's ownership of Aligned since 2018.
- The group aims to deploy $30 billion in equity with potential reaching $100 billion including debt, while MGX raised $49 billion this month for one of the largest AI funds ever.
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BlackRock’s GIP, Microsoft-backed AI group buy Aligned Data Centers for $40B
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Aligned Data Centers sold for $40bn in record deal
On Tuesday, a group of the world’s most powerful investors finished buying a company most people have never heard of. The price tag explains why it matters. The largest data-centre deal ever The AI Infrastructure Partnership, MGX, and BlackRock’s Global Infrastructure Partners completed their purchase of all the equity in Aligned Data Centers. The deal […] This story continues at The Next Web
BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition
July 21 : A consortium backed by BlackRock and Abu Dhabi-based fund MGX said on Tuesday it has committed an additional $5 billion in growth capital to Aligned Data Centers after closing its $40 billion acquisition of one of the world's biggest data center operators.The investor group agreed last year to buy A
BlackRock-backed group commits $5 billion for Aligned Data Centers
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