Partners Group to Acquire EdgeCore Digital Infrastructure
Posted on 11/15/2022
Data center contracts are often long-term, with customers charged a price based on their contracted power capacity. Partners Group AG has, on behalf of its clients, acquired EdgeCore Digital Infrastructure, an owner, operator, and builder of hyperscale data centers in the U.S. Partners Group will invest up to US$ 1.2 billion to fund the acquisition and buildout of existing and future data center sites. The deal was announced on November 11, 2022. EdgeCore is an investment vehicle developing, acquiring, and operating data centers and related infrastructure, and has been initially capitalized with over US$ 900 million of equity targeted to support approximately US$ 2 billion in data center development.
The sellers include Singapore’s GIC Private Limited, OPTrust, and Mount Elbert Capital Partners.
Advisors
Partners Group was advised by Latham and Watkins, KPMG, Clifford Chance, and Ropes & Gray. EdgeCore was advised by Greenberg Traurig, RBC Capital Markets, and Ernst and Young.
Keywords: OPSEU Pension Plan.
