Data Center Capital Raises in the U.S. – December 1st-15th, 2024

Several interesting transactions closed in the Data Center sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.

Merger/Acquisition

  1. Armeta Analytics, provider of information technology services intended to serve healthcare, finance, retail and transportation industries, acquired by The Bridge.
  2. Ascent Corporation, provider of operations and infrastructure management catering to data centers, acquired by Wesco International for $185 million.

Corporate

  1. Cedarcross International Technologies, provider of advanced technology solutions designed for industrial and commercial applications, acquired by Alset Capital.

Joint Venture

  1. 3ReSen, provider of cybersecurity services intended to serve government agencies, formed as a joint venture between Sentar and 3 Reasons Consulting.
  2. Later Stage VC
  3. LambdaTest, operator of an AI powered unified enterprise test execution cloud platform intended to help businesses reduce time to market through faster test execution, raised $38 million through the combination of Series D-1, Series D-2 and Series D-3 venture funding in a deal led by Avataar Venture Partners.

#castleplacement #capitalraising #privateequity #venturecapital #investment #DataCenter

Axel Reijmers

Managing Director

Former Head of Corporate Finance M&A Americas for the Royal Bank of Scotland and ABN AMRO Bank, based in New York. Began his career at ABN AMRO Bank in Japan, and subsequently in The Netherlands in the Corporate Finance department. Was seconded to New York in 2006 to co-establish the ABN AMRO North America Corporate Finance M&A department and grew it by advising medium and large companies on domestic and cross-border mergers, acquisitions, capital raisings and capital structurings. Led the management buyout of RBS Bank Mexico and RBS Broker-Dealer Mexico in 2014 and spearheaded the subsequent growth of the bank as Head of Investment Banking & Corporate Development. During his tenure he supported companies with capital and financing solutions with a focus on companies in the US and Mexican energy infrastructure sector and fintech sector. Holds a master’s degree in economics from Groningen University, The Netherlands. Holds FINRA Series 7 and 63 licenses.

Axel Reijmers

Axel Reijmers

Managing Director

Axel Reijmers

Managing Director

Please contact me if you have any questions or would like to discuss your capital raise:

Email: Email: areijmers@castleplacement.com

(C) (201) 747-4718

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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.

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Thanks, Ken

Ken Margolis | Managing Partner Castle Placement
1460 Broadway Street
New York, New York 10036
(212) 418-1180
kmargolis@castleplacement.com

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