US Investment Fund Buys Major Stake in Israeli Data Center Developer
A Boston-based investment manager, Battery Global Advisors (BGA), has agreed to purchase a 20% interest in Anan Data Centers in a transaction that values the fast-growing Israeli infrastructure company at roughly NIS 1 billion. The deal, closed in coordination with company co-owner, singer Omer Adam, gives Anan new capital to accelerate construction of large-scale server facilities at key sites in central and northern Israel.
According to a report by Globes, BGA, which manages about $4 billion in assets and focuses on long-horizon investments in technology-oriented real estate, has been expanding its presence in Israel as international demand for cloud capacity and artificial intelligence infrastructure continues to rise. The firm operates primarily from Boston but maintains an office in Ra’anana.
Anan Data Centers was founded four years ago by Adam, business partners Maor and Snir Melul, and Swiss investor Nessim-Sariel Gaon, whose Lian Group oversees the European server-farm operator Polar Data Centers. Polar, which originated in bitcoin mining operations in Scandinavia before scaling into broader data workloads, has built more than 150 megawatts of capacity across Europe and raised over $500 million for projects in Norway.
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In Israel, Anan has begun excavation at a 30-dunam site near Bet Shemesh for a 32-megawatt complex. The firm is also advancing a 64-megawatt project in Afula and pursuing additional land acquisitions that could bring total planned capacity to around 300 megawatts.
Last year, Anan secured a NIS 420 million loan from Mizrahi Tefahot Bank, and its founders added NIS 200 million in equity to support construction expected to exceed NIS 1 billion.
