Partners Group Offloads atNorth in USD 4 Billion Deal

Partners Group has agreed to sell atNorth to CPP Investments and Equinix, valuing the company at an enterprise value of USD 4 billion. The deal highlights atNorth's transformation into a pan-Nordic data center platform, boasting eight operational centers and plans for expansion across Denmark, Finland, Iceland, Norway, and Sweden.

Since acquiring atNorth in 2022, Partners Group has significantly increased the company's contracted EBITDA by 14 times, adding over 200 employees to its workforce. This growth results in compounded annual returns of over 30% and a 2.5x multiple on invested capital for Partners Group’s clients.

Looking ahead, atNorth's secured power capacity and demand pipeline present significant growth opportunities. Partners Group plans to reinvest and retain a 10% stake in the company. The transaction awaits customary closing conditions and regulatory approvals.