2023-05-31 16:44:32 ET
- Brookfield Infrastructure Partners ( NYSE: BIP ) and DigitalBridge ( NYSE: DBRG ) are competing to purchase Compass Datacenters LLC for more than $5.5 billion, including debt.
- Brookfield and DigitalBridge are leading separate consortiums in an auction for privately held Compass Datacenters, according to a Reuters report on Wednesday, which cited people familiar with the matter. An outcome of the sale process is expected by next month.
- Compass Datacenters, Brookfield Infrastructure ( BIP ), and DigitalBridge ( DBRG ) declined to comment to Reuters.
- Bloomberg reported in March that DigitalBridge Group ( DBRG ) was considering a sale of a minority stake in Vantage Data Centers that could raise more than $1.5 billion for the data center operator.
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Brookfield, DigitalBridge competing in $5.5B battle for Compass Datacenters - report