Partners Group has acquired EdgeCore Digital Infrastructure, and plans to invest up to $1.2 billion to fund the development of existing and future data centre sites.
The investment will see Partners Group acquire both EdgeCore’s existing sites and those still under construction sites.
Partners Group will work with EdgeCore’s current management team, with the company saying in a statement that key initiatives include existing site expansion, acquiring and building future assets in the US, and expanding sustainability initiatives across its campuses.
Ed Diffendal, Managing Director, Co-Head Private Infrastructure Americas, Partners Group, said, “Through our thematic investing approach, we found rising demand for data centres in the US as service providers deploy more capacity to support businesses migrating to the cloud. EdgeCore is a unique next-generation infrastructure investment due to its strong portfolio of data centre sites, advanced pipeline of shovel-ready assets in strategically important markets, and talented management team. We look forward to building out the platform.”
Tom Ray, Chief Executive Officer, EdgeCore, added, “EdgeCore differentiates itself through a combination of superior site locations, excellent reliability, flexible customer solutions, and speed to market. We build data centres in areas that maximise our pool of potential customers and design them to the performance standards of the top hyperscale customers. We have identified a pipeline of opportunities across the US and believe Partners Group’s extensive experience working with infrastructure platforms, coupled with its financial resources, will enable us to execute on current and future opportunities.
Partners Group was advised by Latham and Watkins, KPMG, Clifford Chance, and Ropes & Gray. EdgeCore was advised by Greenberg Traurig, RBC Capital Markets, and Ernst and Young.