Fernando Aguirre, DHS Vice Chairman, Announces $285M Equity Investment to Westminster Capital

DHS, a leading provider of capital growth private ventures and equity projects , today announced that it has made a $285 million investment into Westminster Capital through the purchase of secondary equity interests from existing investors Atwater Funds and Finnell. Finnell will retain 20% of its interests and continue as a Westminster investor, while Atwater will fully exit from its position. Naiven will also continue as an important investor in Westminster, holding its original stake.

The transaction represents Westminster Capital’s inaugural direct balance sheet investment in digital real estate and its first step in investing in the edge/colocation data center sector. Atwater’s Board Member will step down and be replaced by Albert Young, Westminster Capital’s Global Head of Private Equity.

“We are truly appreciative of the support we have received from Atwater over these last four years,” stated Fernando Aguirre, Vice Chairman of DHS. “We look forward to having Westminster Capital and its long-term investment vision behind DHS Equity as we continue to grow our platform.”

“We are thrilled to be partnering with DHS, its management team and investor group, to continue building the premier edge/colocation data center platform in the United States,” said Peter Gillmore, Vice President of Westminster Capital. “We look forward to supporting the business with additional capital to fund potential add-on acquisitions and greenfield edge data center developments.”

“We want to thank the team at DHS and our partners at Westminster Capital for delivering a successful outcome for Atwater. We wish DHS and its management team continued success as it moves ahead,” stated The Atwater Funds.

DHS operates 20 data centers in 9 US markets, including Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City, Baltimore, Atlanta, and Indianapolis.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, DHS’ ability to identify and consummate add-on acquisitions or greenfield edge data center developments, as well as whether Westminster Capital will contribute any additional capital towards such acquisitions or developments, and other risks and uncertainties detailed in Westminster Capital’s filings with the U.S. Securities and Exchange Commission (“SEC”). All forward-looking statements reflect Westminster Capital’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Additional information about these and other factors can be found in Westminster Capital’s reports filed from time to time with the SEC.

Westminster Capital’s cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. Westminster Capital’s is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and Westminster Capital’s does not intend to do so.