Canada Pension Plan Investment Board (CPP Investments) and Equinix have entered into a joint agreement to purchase atNorth, a Nordic high-density colocation and built-to-suit data center provider, from Partners Group.
The $4 billion enterprise value transaction is subject to customary closing conditions, including regulatory approvals. The agreement between CPP Investments and Equinix will support atNorth’s continued rapid scaling, capturing opportunities created by rising demand for data center infrastructure. CPP Investments will invest approximately $1.6 billion, owning an approximate 60 percent controlling interest, and Equinix will own an approximate 40 percent stake. The transaction is expected to be immediately accretive upon close to Equinix’s adjusted funds from operations (AFFO) per sha
