Data Center Provider TierPoint Seeks $500 Million Investor

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Gillian Tan and Scott Soshnick (Bloomberg) — TierPoint LLC, a provider of data centers and other technology services to clients including the National Hockey League and the Bill & Melinda Gates Foundation, is exploring strategic options including raising new equity, according to people with knowledge of the matter.

The St. Louis-based company, led by telecommunications entrepreneur Jerry Kent, is seeking an equity injection of $250 million to $500 million, said some of the people, who asked not to be identified because the matter is private. A person close to TierPoint said such capital would be used to expand its data-center presence in so-called edge markets — such as Nebraska, Kansas, Oklahoma and Missouri — which are farther from traditional internet hubs.

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