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HMC Capital in $300m raise to buy Sydney data centres; taps four banks

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David Di Pilla’s HMC Capital pulled the trigger on a much-anticipated $300 million equity raise to put towards its $1.93 billion purchase of Sydney data centre owner Global Switch Australia, which was first revealed by this column this month. 

David Di Pilla, Managing Director at HMC Capital. Oscar Colman

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/hmc-capital-in-300m-raise-for-global-switch-australia-buy-taps-four-banks-20241023-p5kktm