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New Deal


Announced

Completed

EQT Infrastructure IV completed the acquisition of EdgeConneX from Providence for c. $3bn.

Financials

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Transaction Value£2,273m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Completed

Majority

United States

data centers

Data Centers and Hosting

Private

Acquisition

Single Bidder

Private Equity

Friendly

Synopsis

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EQT Infrastructure IV fund of EQT Partners completed the acquisition of EdgeConneX, an operator of data centers for cloud, content, network and other service providers, from Providence Equity Partners, a private equity firm, for c. $3bn. "EQT brings significant financial resources and digital infrastructure industry experience which EdgeConneX will use to accelerate growth and invest in new data centers around the world. I look forward to continuing to lead EdgeConneX and we are very pleased to have EQT as our new owner and partner in this exciting growth phase. On behalf of EdgeConneX, I thank our outstanding customers and partners, dedicated employees and long-term shareholders that gave us the latitude to succeed and create lasting value," Randy Brouckman, EdgeConneX CEO.

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