EQT Sells Minority Stake in EdgeConneX to Sixth Street

EQT Infrastructure has agreed to sell a minority stake in data center operator EdgeConneX to funds managed by investment firm Sixth Street. EQT Infrastructure, which first invested in EdgeConneX in 2020, will remain the largest shareholder after the deal closes, expected in Q4 2024.

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Also Read: EdgeConneX Secures USD 1.9 Billion in Sustainability-Linked Financing for EMEA Expansion

EdgeConneX’s Global Expansion

EdgeConneX, known for its energy-efficient data centers optimised for AI and cloud deployments, has tripled its capacity since 2020 and expanded into Asia, Latin America, and new European markets. The company now operates or is developing 80 data centers in over 50 global markets across North America, Europe, APAC and South America, according to the official release.

Partner for Data Center Growth

The deal brings Sixth Street on board as a strategic partner to accelerate EdgeConneX’s growth in meeting the rising demand for data center capacity, driven by AI and cloud computing, the companies said in a joint statement this week.

“With this transaction, EQT believes EdgeConneX is well-equipped to deliver scalable, high-performance data center solutions that will power the next generation of AI,” said a Partner at EQT Infrastructure.

“As AI continues to drive significant changes and create new opportunities across industries, EQT remains committed to being at the forefront of developing the required datacenter, connectivity and energy infrastructure needed for AI and to ensuring that EdgeConneX and our partners across EQT Infrastructure will continue to capitalise on this powerful industry tailwind.”