CPP Investments and Equinix to acquire atNorth for $4B

CPP Investments and Equinix have agreed to acquire atNorth from Partners Group in a transaction valued at US$4.0 billion, with a provisionally agreed US$4.2 billion financing package underwritten by European and Canadian lenders, subject to customary closing conditions and regulatory approvals.

• Deal details and structure:CPP Investments will hold an approximate 60% controlling interest and Equinix will hold approximate 40%; the transaction is a US$4 billion enterprise value sale and there is a provisionally agreed US$4.2bn financing package underwritten by a group of European and Canadian lenders (subject to closing and approvals).
• Operational and strategic context: atNorth will continue to operate under its own brand and retain Nordic-focused operations across Denmark, Finland, Iceland, Norway and Sweden, with 8 operational data centers, multiple sites under development, 1 GW of secured power, liquid-cooling capability at several facilities, and integrated renewable energy sourcing and heat reuse initiatives.