TARGETING 40 FACILITIES IN 33 MARKETS
EQT Infrastructure has just entered into an agreement to acquire EdgeConneX, Inc. from an investor group led by Providence Equity Partners for an undisclosed amount.
EdgeConneX is a provider of hyperscale and edge data centers with a global footprint that includes 40 operational and developing facilities in 33 markets across North America, Europe and South America.
“EQT brings significant financial resources and digital infrastructure industry experience which EdgeConneX will use to accelerate growth and invest in new data centers around the world,” said Randy Brouckman, CEO of EdgeConneX.
“I look forward to continuing to lead EdgeConneX and we are very pleased to have EQT as our new owner and partner in this exciting growth phase. On behalf of EdgeConneX, I thank our outstanding customers and partners, dedicated employees and long-term shareholders that gave us the latitude to succeed and create lasting value.”
This acquisition is being carried out through EQT Infrastructure IV fund which upon the close of transaction is expected to have acquired 80-85% stake in EdgeConneX Inc. As announced, the transaction is subject to customary closing conditions and expected to close in the fourth quarter of 2020.
“EQT has followed EdgeConneX’s journey from its early years to its growth into a top data center industry player. We are deeply impressed by EdgeConneX’s management team and the success they have had in creating a key contributor to the global cloud infrastructure,” said Jan Vesely, Partner at EQT Partners and Investment Advisor to EQT Infrastructure IV.
“This partnership represents an exciting opportunity for EQT in a sector and geographies where we have significant experience. EQT looks forward to working with the team in continuing to grow the business and identify new expansion opportunities.”
Interestingly, this transaction is coming after EdgeConneX announced its agreement to acquire Global Data Center (GDC), an Israel-based data center operator to further expand its global footprint to over 40 markets globally.