Search company, investor...

Stage

Other Investors | Alive

About Databank

Databank is a financial advisory firm that offers corporate finance, brokerage, fund management, and research services to local and foreign individuals, multinational companies, pension trusts, and institutional investors. It is based in Accra, Ghana.

Headquarters Location

61 Barnes Road Adabraka Accra Private Mail Bag, Ministries Post Office

Accra,

Ghana

Loading...

Loading...

Latest Databank News

DataBank: Edge Colocation And Interconnection Company Raises $456 Million

Feb 19, 2024

DataBank – a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services – announced that it has issued $456 million of secured notes that represent its fourth securitization since 2021 and first green financing, bringing the total securitized portfolio to $2.16 billion of investment grade bonds. All of the proceeds will be used to refinance a previous bridge loan to purchase four data centers in the Houston market from CyrusOne in 2022 and fund the development of additional data center capacity across the DataBank platform. This securitization was heavily oversubscribed and included several repeat investors and nine new investors, indicating strong support for DataBank’s strategic plans. The refinanced facilities met specific sustainability criteria for water conservation, carbon emissions reduction, and low Power Usage Effectiveness (PUE) to qualify as a green bond. These projects and the others underway across DataBank’s portfolio contribute to its carbon-neutral goal by 2030. These announcements follow three previous securitizations: $658 million of notes issued in March of 2021 (the first ever securitization for a multi-tenant, enterprise data center provider), $330 million of notes issued in October of 2021, and another $715 million of notes issued in March of 2023. The company also completed a $2.2 billion recapitalization led by SwissLife Asset Management in 2022. Today, DataBank operates the largest portfolio of data centers in the U.S. with 65+ data centers and 20 major interconnect locations in 27+ metro markets. Kroll Bond Rating Agency provided an initial rating of the $456 million secured notes, which were A- A-rated. And Deutsche Bank Securities acted as Sole Structuring and as a Joint Active Bookrunning Manager. Guggenheim Securities and TD Securities served as Joint Active Bookrunning Managers in the transaction also. KEY QUOTES: “This financing reflects not only DataBank’s commitment to sustainability and efficiency, but also the tremendous growth opportunity ahead of us, and the value and stability of our portfolio’s earnings. It signals the strong endorsement of investors in our strategy, footprint, and ability to execute profitably across that entire portfolio.” Kevin Ooley, DataBank’s President & CFO

Databank Frequently Asked Questions (FAQ)

  • Where is Databank's headquarters?

    Databank's headquarters is located at 61 Barnes Road Adabraka, Accra.

  • What is Databank's latest funding round?

    Databank's latest funding round is Other Investors.

  • Who are the investors of Databank?

    Investors of Databank include Pan African Capital Group.

  • Who are Databank's competitors?

    Competitors of Databank include Ndovu and 4 more.

Loading...

Compare Databank to Competitors

A
ARM Investment Managers

ARM Investment Managers specializes in investment management within the financial services sector. The company offers a range of services including mutual funds, private wealth management, and institutional asset management, designed to meet the financial goals of individuals and organizations. ARM Investment Managers caters to a diverse clientele, including high-net-worth individuals and private and public institutions seeking tailored investment solutions. It is based in Lagos, Nigeria.

F
Franc

Franc focuses on investment services in the financial domain. The company provides access to a cash fund that offers higher interest rate returns than traditional bank savings accounts and an equity fund that tracks the stock market. It primarily serves individuals interested in investment opportunities. The company was founded in 2018 and is based in Sandton, South Africa.

Alaric Securities Logo
Alaric Securities

Alaric Securities is a broker-dealer focusing on electronic trading and prime brokerage services in the financial sector. The company offers a suite of services including low-latency electronic execution, risk management, and access to liquidity for trading US stocks, ETFs, and options. Alaric Securities caters to professional clients such as hedge funds, asset managers, and active retail traders. It was founded in 2011 and is based in Sofia, Bulgaria.

Sanlam Logo
Sanlam

Sanlam is a financial services group, originally established as a life insurance company in 1918. The company demutualised and listed on the JSE Limited and Namibian Stock Exchange in 1998. Sanlam is a pioneer in transformation and the Ubuntu-Botho transaction in 2004 reinforced its position as a leading financial services group, underpinned by quality BEE leadership and a comprehensive strategy to ensure meaningful and broad-based participation across South Africa.

Bamboo Logo
Bamboo

Bamboo offers a digital investment platform. It delivers investment options and the tools to build wealth through real-time access to the global markets and allows users to earn real returns. The company was founded in 2019 and is based in Lagos, Nigeria.

CowryWise Logo
CowryWise

CowryWise offers a financial technology platform. It helps to digitize the investment management industry and democratize access to savings and investment products. The company offers users access to products and features such as savings plans, emergency funds, mutual funds, United States stocks and bonds, and a digital wallet. The company was founded in 2017 and is based in Lagos, Nigeria.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.