- This investment will enable expansion into new markets around the world to fulfill customers’ global data center capacity requirements and become their provider of choice
- This new partnership will build out hundreds of megawatts of new data center capacity to support future cloud, AI and other critical digital infrastructure requirements
January 5, 2024 – EQT is pleased to announce that the EQT Infrastructure VI fund (“EQT Infrastructure”) has agreed to partner with EdgeConneX to build and operate high-powered and purpose-built data centers for hyperscale customers around the world, expanding into new markets. EdgeConneX is a leading data center provider backed by funds EQT Infrastructure IV and EQT Infrastructure V.
Since EQT’s acquisition in 2020, EdgeConneX has more than tripled its capacity and expanded into Asia, Latin America and new European markets. Today, the company has a global footprint of 80 data centers in operation or development in more than 50 markets across North America, Europe, APAC and South America.
The continued growth of the data center industry is supported by key trends including digitalization, cloud adoption and the rise of artificial intelligence (AI). It is estimated that the capacity needed to serve AI-focused deployments will triple by 2030. This investment by EQT Infrastructure VI, in partnership with EdgeConneX, intends to build out hundreds of megawatts of data center capacity necessary to support hyperscale customers and the world’s digital economies.
Jan Vesely, partner within EQT Infrastructure’s Advisory team, said, “With the support of EQT Infrastructure’s global presence, industry expertise and dedication to sustainable growth, EdgeConneX together with this new initiative is well-positioned to be a leading provider of critical digital infrastructure worldwide. EdgeConneX is a pioneering data center solutions provider, and its team has the proven track record and deep experience necessary to help lead this expansion and meet hyperscale customers’ needs around the world.”
Jan Vesely, partner within EQT Infrastructure’s Advisory team, said, “With the support of EQT Infrastructure’s global presence, industry expertise and dedication to sustainable growth, EdgeConneX together with this new initiative is well-positioned to be a leading provider of critical digital infrastructure worldwide. EdgeConneX is a pioneering data center solutions provider, and its team has the proven track record and deep experience necessary to help lead this expansion and meet hyperscale customers’ needs around the world.”
With this transaction, EQT Infrastructure VI is expected to be 30-35 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size.
The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Infrastructure VI will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.
Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT
EQT is a purpose-driven global investment organization with EUR 232 billion in total assets under management (EUR 128 billion in fee-generating assets under management) within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.
More info: www.eqtgroup.com
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About EdgeConneX
Backed by EQT Infrastructure, part of the global investment organization EQT, EdgeConneX provides a full range of sustainable data center solutions worldwide. We work closely with our customers to offer choices in location, scale, and type of facility, from Hyperlocal to Hyperscale. EdgeConneX is a global leader in anytime, anywhere, and any scale data center services for a diverse portfolio of industries, including Cloud, AI, Content, Networks, and more. With a mission predicated on taking care of our customers, our people, and our planet, EdgeConneX strives to Empower Your Edge.
