CPP Investments and Equinix Enter $4B Acquisition Agreement
CPP Investments and Equinix announced they have entered into a joint agreement to purchase atNorth-a Nordic data center provider-from Partners Group. The $4B enterprise value transaction is subject to customary closing conditions, including regulatory approvals. CPP Investments will invest approximately $1.6B, owning an approximate 60% controlling interest, and Equinix will own an approximate 40% stake. The transaction is expected to be immediately accretive upon close to Equinix's adjusted funds from operations per share. 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. D
