M&A
confidence high
sentiment positive
materiality 0.85
Equinix signs >$15B JV with CPP Investments and GIC for U.S. hyperscale data centers
EQUINIX INC
- JV to raise over $15B; Equinix owns 25%, CPP Investments and GIC each own 37.5%.
- JV expected to add >1.5 GW of capacity across multiple >100 MW campuses in the U.S.
- At full buildout, nearly triples investment capital of Equinix xScale program.
- Closing subject to regulatory approvals expected in Q4 2024.
- Existing xScale JV portfolio has >$8B committed, >35 facilities, >725 MW at buildout.