The deal is driven by the growth of big cloud-computing providers such as Amazon.com and Alphabet's Google which are spending heavily on new data centers to meet a surge in demand for computing power delivered via the Internet.
GI Partners closes first fund to invest in data centers, as the pandemic underlies the importance of data infrastructure. GM takes stake in Nikola to partner on producing electric pickup trucks. PE news from Silver Lake, Apax and Levine Leichtman. Bofa invests in three Black-owned banks.