(Bloomberg) -- DigitalBridge Group Inc. is considering the sale of a minority stake in Vantage Data Centers, a deal that could raise more than $1.5 billion for the infrastructure specialist, people with knowledge of the matter said.
US-based DigitalBridge is working with UBS Group AG to gauge buyer interest, according to the people, who asked not to be identified as the matter is private. A stake in Vantage Data Centers is likely to draw interest from financial investors and other infrastructure funds, they said.
Shares of DigitalBridge were up 1% at 9:33 a.m. Wednesday in New York, giving the company a market value of about $2 billion.
Deliberations are in the early stages and there’s no certainty that DigitalBridge will proceed with a formal sale process, the people said. Representatives for DigitalBridge and UBS declined to comment, while Vantage Data Centers couldn’t immediately be reached for comment.
