atNorth
Liberty advises the management team of atNorth on its acquisition by Canada Pension Plan Investment Board (“CPP Investments”) and Equinix
Liberty Corporate Finance is delighted to announce they have advised the management team of atNorth, a leading pan-Nordic data center platform, on its acquisition by CPP Investments and Equinix, the world’s digital infrastructure company, from Partners Group, one of the largest firms in the global private markets industry.
The agreement between CPP Investments and Equinix will support atNorth in its continued rapid scaling, through capturing opportunities created by rising demand for data center infrastructure. CPP Investments will invest approximately US$1.6 billion, owning an approximate 60% controlling interest, and Equinix will own an approximate 40% stake.
atNorth’s portfolio includes eight operational data centers alongside several sites under development across Denmark, Finland, Iceland, Norway and Sweden, as well as plans for further expansion, with 1 GW of secured power and a considerable amount of additional future capacity planned. Designed to meet increasing demand for AI and high-performance computing, several of the company’s facilities are liquid cooling-enabled to support high-density workloads. Across its portfolio, atNorth integrates renewable energy sourcing, heat reuse initiatives and efficient modular design to advance circular economy principles and minimize environmental impact.
It has been great to have advised Magnus, Eva and the rest of the management team of atNorth again, to see the great rapid progress they have achieved with the support of Partners Group, and to achieve a great outcome for the business with their new partners – CPPIB and Equinix. We look forward to seeing the business continue to grow from strength to strength in this exciting new chapter for the business.
Jeff Soh
Partner
+44 (0) 7922 257 501
[email protected]