DartPoints Secures $250 Million Investment from NOVA Infrastructure
Deal News | Apr 30, 2025 | Astra Capital Management
NOVA Infrastructure, a middle-market investment firm, has announced a majority investment in DartPoints, a provider of data center solutions. The investment, which includes substantial growth capital, aims to expand DartPoints' capabilities through infrastructure growth and strategic M&A. DartPoints serves over 900 enterprise clients across 11 data centers in various U.S. states and plans to use the investment to transition to greater facility ownership. Astra Capital Management, the existing sponsor, retains a minority stake, while Orion Infrastructure Capital has joined as a lender and minority investor. The financial commitments from NOVA and OIC amount to over $250 million. Bank Street Group acted as M&A advisor, with legal counsels including firms like Houlihan Lokey, Sheppard Mullin, and Debevoise & Plimpton supporting the transaction.
Sectors
- Infrastructure Investment
- Technology
- Private Equity
Geography
- United States – DartPoints operates multiple data centers across various U.S. states, making the United States a key geography.
- North America – NOVA Infrastructure's investment focus on North American markets highlights the geographical emphasis.
Industry
- Infrastructure Investment – The focus on infrastructure development, particularly in data centers, places the investment within this sector.
- Technology – DartPoints' role as a provider of data center solutions aligns with the technology sector.
- Private Equity – The involvement of investment firms like NOVA Infrastructure and Astra Capital Management shows engagement in the private equity industry.
Financials
- $250 million – Total capital commitment by NOVA and OIC to DartPoints.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DartPoints | Target | Company | A provider of high-performance data center solutions serving enterprise customers. |
| NOVA Infrastructure | Investor | Company | A middle-market infrastructure investment firm focusing on value-added investment strategies. |
| Astra Capital Management | Selling Company | Company | An investment firm that retains a minority stake in DartPoints. |
| Orion Infrastructure Capital (OIC) | Lender/Investor | Company | A company providing a senior secured credit facility and acting as a minority equity investor. |
| Bank Street Group | M&A Advisor | Company | Advised on the M&A transaction. |
| Houlihan Lokey | Debt Advisor | Company | Advised on the debt financing aspect of the transaction. |
| Sheppard Mullin, Winston & Strawn, Debevoise & Plimpton, Vinson & Elkins | Legal Advisors | Company | Provided legal counsel to DartPoints, NOVA, and OIC. |