PE-backed Vantage to buy 4Degrees Colocation for $259 mln

Vantage Data Centers has agreed to acquire 4Degrees Colocation, a data centre operator with facilities in Montréal and Québec City. The deal, expected to close in the weeks ahead, reflects a purchase price of about $259 million (US$200 million). The seller is Montréal-based communications company Québecor Inc (TSX: QBR). Vantage, a Santa Clara, California-based wholesale data centre provider, said the transaction will expand its North American presence to five markets. Last year, Public Sector Pension Investment Board (PSP Investments) partnered with Digital Bridge Holdings LLC and TIAA Investments to acquire Vantage from Silver Lake Partners.

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