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Argo, Wafra, Macquarie Invest in Data-Center Provider TierPoint

TierPoint LLC, a provider of data centers and other technology services to clients including Hewlett Packard Enterprise Co. and the National Hockey League, is getting backing from a group led by Argo Infrastructure Partners, Wafra Inc., and Macquarie Group Ltd.’s principal investment arm.

Existing investors including RedBird Capital Partners LLC and Ontario Teachers’ Pension Plan are also participating in the $320 million preferred equity investment. Proceeds will be used to pay down a second-lien credit facility, repay a portion of the company’s revolving credit facility and help expand the business.