Equinix and CPPIB Are Said to Near $4 Billion Deal for atNorth

Equinix Inc. and Canada Pension Plan Investment Board are nearing a deal to acquire atNorth Holding AB, a pan-Nordic data center operator owned by Partners Group Holding AG, people with knowledge of the matter said.

The consortium is putting the finishing touches on a purchase that could value atNorth at about $4 billion including debt, according to the people. A transaction may be announced as soon as this week, they said.

While talks are at an advanced stage, the deal could still face delays, the people said, asking not to be identified discussing confidential information. Spokespeople for CPPIB, ...