Stonepeak has announced the recapitalization of euNetworks, a Western European bandwidth infrastructure company.
The recapitalization is being effectuated as a sale of euNetworks, anchored by a Stonepeak-managed vehicle, alongside strategic investments from APG Asset Management and Investment Management Corp. of Ontario (IMCO).
euNetworks is a data center and cloud connectivity provider focused on delivering scalable, fiber-based products and solutions to customers across the wholesale, finance, content, media, data center and enterprise industries. The company owns and operates 17 dense fiber-based metropolitan city networks, connected with long haul networks covering 53 cities in 17 countries. They lead the data center connectivity market in Europe, directly connecting over 510 data centers, with further indirect connections.
Stonepeak first acquired a majority interest in euNetworks in January 2018, and since that time the company has increased the number of