Axios Pro Rata: Bed Bath & Bonds
Plus, data center capital. | Wednesday, August 31, 2022 Open in app View in browser Axios Pro Rata By Dan Primack · Aug 31, 2022 Top of the Morning Illustration: Sarah Grillo/Axios Private equity keeps piling into data centers , despite the warnings of a veteran short-seller. Driving the news: An investor group yesterday agreed to pay $1.5 billion for a 35% stake in Dallas-based DataBank, while Malaysian telco Time Dotcom reportedly short-listed final bidders for a data center unit that could be valued at around $600 million. There's also the ongoing auction process for London-based data center operator Global Switch, which is expected to fetch more than $10 billion. By the numbers: 2022 already is a record year for PE investment in data centers, per PitchBook. The research g...