None of the information provided is investment or tax advice. You should always read the associated risks before deciding whether to invest. These can be found on the product pages as well as in our risks overview. Please confirm you have read the information above.
Successful exit for Downing’s investment in portfolio company, Kao Data, following completion of £206m debt raise
No items found.
Downing
What’s a Rich Text element?
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
Static and dynamic content editing
A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!
asdasd
How to customize formatting for each rich text
Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.
We are delighted to announce that Kao Data has fully repaid a loan facility provided by Downing-managed funds, after the growing data centre business secured new debt funding from Deutsche Bank.
The new loan facility from Deutsche Bank, which can extend to £356m, will help to propel growth across Kao Data’s operational and planned assets and will support its expansion plans across the UK and Europe.
A proportion of the new funding will be used to repay Downing-managed funds, which provided growth capital to fund the construction of the first data centre building at Kao Data’s Harlow campus in 2017.
During the term of the loan, the business has gone from strength to strength, raising investment from institutional investors Legal & General Capital and Infratil. This supported further expansion at Harlow and funded the acquisition and operation of additional data centre locations, establishing Kao Data as a multi-site platform, with a focus on AI and advanced computing.
Tom Phillips, Head of Institutional Business Development, Downing, said: “Since our first meeting with the company’s founders in 2015, we’ve been early believers in Kao Data’s expertise, mindset, and its vision for growth. We were delighted to provide Kao Data with growth capital funding in 2017 and saw an attractive opportunity to support them in the development of their sustainable data centre platform.
“During the term of our investment, Kao Data has proved itself as an excellent example of what we look for in the businesses we like to back: a high-quality management team with a compelling business case. We are proud to have helped the company establish a firm foothold as a leader in one of the world’s most competitive, international data centre markets, whilst also delivering a successful return for our funds.”
Matthew Harris, CFO, Kao Data, said: “I’d like to thank our lenders for their trust in our philosophy and ambition, which has been fully vindicated during the last decade, and all who have played an instrumental part in the evolution of the Kao Data platform.”
