Digital 9 Infrastructure

Last updated

Digital 9 Infrastructure
Company type Public limited company
LSE:  DGI9
IndustryDigital infrastructure
Founded2021;3 years ago (2021)
Headquarters St Helier, Jersey
Key people
  • Phil Jordan (chairman)
Website www.d9infrastructure.com

Digital 9 Infrastructure is an investment company which invests in digital infrastructure. It is listed on the London Stock Exchange. The company is managed by Triple Point Investment Management, a firm based in London. [1]

Contents

History

The company was the subject of an initial public offering on the specialist fund segment of the London Stock Exchange in March 2021. [2] Later that month it acquired Aqua Comms DAC, a business operating 14,300 km of undersea fibre-optic cables in the Atlantic Ocean. [3]

In July 2021, the company invested £50 million in a project to establish a new intercontinental subsea cable and terrestrial fibre system between the middle east and India, to be known as Europe Middle-East India Connect 1. [4] Then, in September 2021, the company acquired Verne Global, a business operating a 24 Megawatt datacentre on a former NATO military site at Keflavík in Iceland. [5] Next, in December 2021, it bought SeaEdge UK1, a business operating a coastal datacentre and subsea fibre landing station near Newcastle upon Tyne on the north east coast of England. [6] It then acquired a 48% stake in Arqiva, the British telecommunications company, from the Canada Pension Plan, for C$585 million (US$454 million) in June 2022. [7] [8]

The company moved to the premium segment of the main market in August 2022. [9] However, in November 2022, Investec expressed concerns about the sudden departure of the two managers employed by Triple Point to manage Digital 9 Infrastructure. [10]

In March 2024, it was announced Digital 9 Infrastructure had completed the sale of its entire stake in Verne Global to the Paris-based private equity company, Ardian in a deal worth up to £450 million. [11]

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References

  1. "Digital 9 Infrastructure lead managers step down". Investment Week. 22 November 2022. Retrieved 30 November 2022.
  2. "Digital 9 Infrastructure IPO raises £300m". Quoted Data. 26 March 2021. Retrieved 30 November 2022.
  3. "£300m IPO of Digital 9 Infrastructure plc". BDO. Retrieved 30 November 2022.
  4. "Digital 9 Infrastructure Invests £50m+ in Subsea Cable EMIC-1". Digital Infrastructure Real Estate. 30 July 2021. Retrieved 30 November 2022.
  5. "D9 to invest a further $93 million in Verne Global". Datacentre Dynamics. 10 January 2022. Retrieved 30 November 2022.
  6. "Digital 9 buys UK data centre and landing station for £15m". Capacity Media. 10 December 2021. Retrieved 30 November 2022.
  7. "Digital 9 Infrastructure buys into Arqiva". Broadband TV News. 27 June 2022. Retrieved 30 November 2022.
  8. "Digital 9 reaches high by buying $454m Arqiva transmitter owner". Capacity Media. 27 June 2022. Retrieved 30 November 2022.
  9. "The London Stock Exchange welcomes Digital 9 Infrastructure to the Premium Segment of the Main Market". London Stock Exchange. 30 August 2022. Retrieved 30 November 2022.
  10. "Investec warns of 'perilous position' following Digital 9 manager departures". Investment Week. 24 November 2022. Retrieved 30 November 2022.
  11. Sebastian (22 March 2024). "Ardian acquires data centre platform Verne in £450m deal". Private Equity Insights. Retrieved 22 March 2024.