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.”
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 The information contained herein is not for publication or distribution to persons in the United States of America.
SOURCE: PRNewswire
