CPPIB and Equinix Agree to Buy atNorth in $4 Billion Deal (1)

Canada Pension Plan Investment Board and Equinix Inc. have agreed to acquire atNorth Holding AB, a pan-Nordic data center operator owned by Partners Group Holding AG.

The deal values atNorth at $4 billion including debt, according to a statement Friday that confirmed a Bloomberg News report. CPPIB will invest about $1.6 billion and own roughly 60% of atNorth. Equinix will hold the remainder.

Private equity firms and infrastructure investors have been rushing to put money into data centers amid the artificial intelligence boom, even as the technology disrupts other parts of their portfolios.

WATCH: Regina Dahlstrom, Equinix’s managing director, speaks to Bloomberg.

Source: Bloomberg

“There’s long-term demand ...