M&A
confidence high
sentiment positive
materiality 0.80
Equinix and CPP Investments to acquire atNorth for US$4B; Equinix to own 40% stake
EQUINIX INC
- Equinix to own ~40% stake; CPP Investments to invest ~US$1.6B for ~60% controlling interest.
- Acquisition expected to be immediately accretive to Equinix's adjusted funds from operations (AFFO) per share.
- atNorth operates 8 data centers across Denmark, Finland, Iceland, Norway, Sweden with 1 GW secured power.
- Transaction subject to customary closing conditions, including regulatory approvals, with Equinix advised by Guggenheim Securities.
- Equinix currently runs 8 Nordics data centers; atNorth adds high-density colocation and built-to-suit capacity.