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EQT Infrastructure V to co-invest in EdgeConneX

By ET Bureau - August 20, 2021 2 Mins Read

EQT Infrastructure V has signed an agreement to co-invest alongside EQT Infrastructure IV in EdgeConneX (“the Company”). Once the transaction is complete, each fund will have an equal ownership stake in the Company.

EdgeConneX is a fast-growing data center platform focusing on demand from the cloud-, content-, and network customer ecosystem, and the Company offers a differentiated combination of hyperscale and edge data centers.

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Following the acquisition by EQT Infrastructure IV in 2020, additional growth and development opportunities have been identified, such as winning additional customer contracts, expanding the business’ footprint through a proactive build approach in key markets and pursuing accretive M&A. EQT Infrastructure V’s participation will help to capture these opportunities and secure support and execution of EdgeConneX’s full potential plan that was developed over the last year.

The closing of the transaction is expected in Q3 2021. With the acquisition of a stake in EdgeConneX, EQT Infrastructure V is expected to be 55-60 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication), and EQT Infrastructure IV is expected to be 80-85 percent invested.

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ET Bureau

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