Dallas-Based DataBank Gets $250M Equity Investment from TJC, Announces $600M Secondary Share Sale

DataBank—a data center company providing edge colocation, interconnection, and managed services—said the new funding resulted from "excess investor interest" in its recent $2 billion primary equity round. Total debt and equity raised by DataBank in the past 18 months: nearly $5 billion.

Dallas-based DataBank has announced a $250 million equity investment from New York-based TJC LP, as well as a $600 million secondary share offering.

“We’re delighted to have TJC join our investor group,” DataBank CEO Raul K. Martynek said in a statement. “Their investment and the secondary offering signal both confidence in our strategy and our proven ability to execute and scale the DataBank platform.”

DataBank, a provider of enterprise-class edge colocation, interconnection, and managed services, said the new funding resulted from “excess investor interest” in the company’s $2 billion primary equity round, which was announced in October. The funding brings the total debt and equity raised by DataBank in the past year and a half to nearly $5 billion.

The company said that participants in the secondary share purchase acquired shares from existing investors and reflect the ongoing demand for, and interest in, high-quality investments in the data center sector being driven by artificial intelligence.

“We couldn’t be more excited to partner with Raul, DataBank, and the other world-class digital infrastructure investors supporting DataBank’s robust growth plans,” TJC Partner Eion Hu said in a statement. “Data centers are the cornerstone of the digital transformation and artificial intelligence, and we believe DataBank is uniquely positioned to capitalize on the sustained demand for reliable, scalable, and energy-efficient infrastructure in an increasingly data-driven world.”

BofA Securities and Citizens Capital Markets Inc. acted as financial advisors for DataBank while Proskauer Rose LLP acted as legal counsel to DataBank. Kirkland & Ellis LLP acted as legal counsel to TJC, formerly The Jordan Co.

DataBank’s edge colocation and infrastructure footprint consists of more than 65 “HPC-ready” data centers in more than 27 markets, 20 interconnection hubs, and on-ramps to an ecosystem of cloud providers with virtually unlimited reach.


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