TPG is reportedly in discussions to acquire U.K.-based Ark Data Centres from Elliott Investment Management in a transaction valued at approximately $5 billion, according to the Financial Times, citing people familiar with the matter.
The potential acquisition would represent one of the largest data center transactions of 2026, as institutional investors continue to deploy capital into digital infrastructure amid growing demand for artificial intelligence and cloud computing capacity.
Ark operates 27 data centers across the United Kingdom and Belgium, making it one of Europe’s largest independent data center operators. The company serves government and corporate customers, including through Crown Hosting Data Centres, its joint venture with the U.K. government’s Cabinet Office.
Elliott acquired Ark in 2012 and began exploring strategic options for the company in 2025, including a po
