Technology Magazine December 2020 | Page 118

ALIGNED
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“ This is a capital-intensive business . You need capital partners that understand the business ”

— Andrew Schaap , CEO , Aligned
client using Aligned ’ s data centres which saw its traditional 6pm to 3am peak capacity shift as schools closed and the workforce headed home .
For Aligned ’ s customers , its modular , dynamic and highly scalable data solutions came into their own . And its finance partners have allowed the Dallas-based company to innovate its supply chain to meet the accelerated delivery needs of customers , specifically in the hyperscale space .
Another sunny day in Aligned ’ s fair-weathered pandemic came in September , when it closed a billion-dollar sustainability-linked financing led predominantly by ING . This is the first U . S . data center sustainability-linked financing and also one of the largest private debt raises in data center history .
Previously , after joining Aligned in 2017 , Schaap struck a deal with Macquarie Infrastructure and Real Assets ( MIRA ) (“ not your traditional private equity ”) to recapitalise the business . “ This is a capital-intensive business . So , you have to have capital partners that are highly capable of understanding what the business looks like .”
Traditionally , MIRA invests in infrastructure such as roads , bridges and
DECEMBER 2020