Investment firm Sixth Street is acquiring a minority stake in EQT Infrastructure鈥檚 global data centre provider EdgeConneX.
EQT Infrastructure IV and EQT Infrastructure V funds have agreed to sell the stake in EdgeConneX to funds managed by Sixth Street for an unspecified amount.
EQT, which acquired EdgeConneX in 2020, will remain the largest shareholder once the transaction is completed.
EdgeConneX has a global footprint of 80 data centres in operation or development in more than 50 markets across North America, Europe, Asia-Pacific and South America.
Jan Vesely, partner within EQT Infrastructure鈥檚 advisory team, said: 鈥淲ith this transaction, EQT believes EdgeConneX is well-equipped to deliver scalable, high-performance data center solutions that will power the next generation of AI.
鈥淎s AI continues to drive significant changes and create new opportunities across industries, EQT remains committed to being at the forefront of developing the required datacentre, connectivity and energy infrastructure needed for AI and to ensuring that EdgeConneX and our partners across EQT Infrastructure will continue to capitalise on this powerful industry tailwind.鈥�
Julian Salisbury, co-CIO at Sixth Street, said: 鈥淲e鈥檙e pleased to bring our team鈥檚 deep experience in digital infrastructure and real estate asset investing to this partnership and join EQT in supporting EdgeConneX鈥檚 strategic growth.
鈥淓dgeConneX is well-positioned for future success with the scale, high-quality performance, and expanding capabilities required to meet the increasing global demand for data center capacity and services.鈥�
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