Tag Archives: Data centers

Partners Group to become majority shareholder in data center power solutions provider AVK and accelerate future growth

Partners Group

Baar-Zug, Switzerland; 6 August 2026

  • AVK is scaling to meet surging demand for data center infrastructure across Europe, driven by cloud adoption and AI compute requirements
  • Partners Group plans to invest over USD 1 billion to support AVK’s growth as a leading provider of power solutions and behind-the-meter generation
  • Partners Group aims to transform AVK into an infrastructure platform offering long-term Energy-as-a-Service solutions to data centers

Partners Group, one of the largest firms in the global private markets industry, has agreed to acquire a majority stake in AVK Power Solutions (“AVK” or “the Company”), one of the largest and fastest-growing suppliers of power solutions for data centers and AI infrastructure in Europe, on behalf of its clients. Partners Group plans to initially invest over USD 1 billion of equity, supplemented by debt financing, to accelerate future growth. The AVK management team will retain a minority stake.

Headquartered in the UK, AVK designs, installs, and maintains data center power solutions with a focus on back-up power generators; bespoke behind-the-meter turnkey energy infrastructure, including microgrids; and modular electrical power units. The Company also offers hybrid solutions that can run on biogas, biofuel, and hydrogen. AVK has delivered more than 20,000 projects and installed approximately 3.5 GW of power to-date. The Company is active across the established “FLAP-D” markets of Frankfurt, London, Amsterdam, Paris, and Dublin, as well as emerging European growth markets.

Total installed data center capacity in Europe has risen rapidly in recent years driven by accelerating cloud adoption and AI-driven compute demand, as well as policy initiatives to support data sovereignty. This expansion is reinforced by low vacancy rates across Europe’s largest data center markets. However, the region continues to face grid congestion constraints, with connections in FLAP-D markets taking between seven and 15 years, which is a key bottleneck for expansion. AVK’s solutions help solve this through providing operators with mission-critical access to on-site power generation at accelerated timelines.

Alongside management, Partners Group has ambitions to transform AVK into an infrastructure platform offering long-term Energy-as-a-Service (“EaaS”) solutions to data centers, principally through microgrids. This will involve AVK continuing to build and own power assets and securing long-term contracted offtake agreements with data center operators or customers. AVK has an advanced pipeline of more than 2 GW of behind-the-meter power opportunities across Europe.

Partners Group has built deep expertise in decentralized energy in Europe through its investments in Gren and Eteck, as well as in data centers having scaled and exited the pan-Nordic platform atNorth. AVK sits at the cross-section of these growing sectors. Partners Group also has experience investing in behind-the-meter turnkey energy solutions providers for data centers in the US through its acquisition of Life Cycle Power in 2025.

Nicholas Pepper, Managing Director, Infrastructure, Partners Group, says: “AI is driving one of the largest infrastructure buildouts in decades, and access to power is becoming a defining constraint. This constraint and lengthening connection queues are critical bottlenecks to growth in the European data center market, which on-site generation can alleviate by accelerating speed-to-power. AVK, with its deep expertise, track record, and pan-European footprint, is well-positioned to address this issue as a one-stop-shop for data center power solutions. We see an exciting growth opportunity for AVK and we look forward to supporting the management team in its next chapter.”

Ben Pritchard, Chief Executive Officer, AVK, says: “Speed-to-power is now a defining opportunity for European data center operators. Our new partnership with Partners Group will allow us to meet our customers exactly where the market demands. From the moment we launched our first microgrid, we recognized the challenge and the opportunity facing developers and operators globally. By adding capital to our power solutions portfolio, we can turn speed-to-power from an ambition into action. I am excited to lead AVK into this new chapter alongside Partners Group, leveraging the firm’s deep operational expertise in the data center sector and power markets.”

Partners Group will invest in AVK through its fourth direct infrastructure program, which recently held a final close at over USD 15 billion. Partners Group has over USD 40 billion in total assets under management across its Infrastructure business. The firm was advised by A&O Shearman, PwC, EY, Altman Solon, Arcadis, and Clifford Chance on the transaction.

About Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 2’000 professionals and over USD 186 billion in assets under management globally. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, royalties, and special opportunities. With its heritage in Switzerland and primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to transform businesses and assets into market leaders. For more information, please visit www.partnersgroup.com or follow us on LinkedIn.

About AVK
AVK is one of the largest and fastest-growing suppliers of innovative power solutions for data centres and AI infrastructure in Europe and the UK. We specialise in all aspects of design, planning, implementation, and continuing maintenance. At AVK, we power tomorrow’s data. We are transforming the way the data industry connects to and consumes energy by developing innovative and sustainable solutions. We deploy leading-edge solutions for our clients, helping them to meet their power demands alongside their sustainability goals. With offices and hubs across the UK and Europe, AVK is in a strong position, in terms of operational scale and delivery capabilities to tackle complex, large-scale, and groundbreaking engineering and energy projects. In 2026, AVK was named one of the UK’s Best Managed Companies by Deloitte Private, recognising the strategy, culture, capability and financial performance behind the company’s growth.

Partners Group media relations contact
Henry Weston
Phone: +44 207 575 2593
Email: henry.weston@partnersgroup.com

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Digital Realty Announces Purchase of Blackstone Interest in Three Northern Virginia Data Centers

Blackstone

Increases Ownership in New, High-Quality, Fully-Leased Hyperscale Assets in Top U.S. Market

AUSTIN, Texas and New York — Digital Realty (NYSE: DLR), the world’s largest cloud- and carrier-neutral data center platform, and Blackstone Inc. (NYSE: BX) today announced that Digital Realty has agreed to purchase from Blackstone-affiliated funds managed by Real Estate, Infrastructure and Tactical Opportunities (“Blackstone”) a stake in three fully leased data centers containing 288 megawatts of total IT capacity in Northern Virginia at a gross value of $7.8 billion, reflecting an expected initial stabilized capitalization rate of over 6.5%. Total consideration paid to Blackstone for their blended 64% equity interest in the assets will be $3.5 billion, including $1.2 billion of cash and $2.3 billion in shares of Digital Realty, based on the last reported sale price of the company’s common stock on the New York Stock Exchange on June 29, 2026. The portfolio comprises two data centers in Manassas and one on the Digital Dulles campus in Sterling, each with 96 megawatts of IT capacity, that are 100% leased to three distinct investment grade hyperscale customers. The purchase is expected to be completed on June 30, 2026, and is subject to customary closing conditions.

“We have developed a strong partnership with Blackstone through the successful ongoing development of these assets, and we continue to work together across the remaining data center investments in our joint ventures in Northern Virginia, Paris and Frankfurt,” said Greg Wright, Chief Investment Officer of Digital Realty. “This transaction reflects the next phase of that relationship, allowing us to increase our ownership in a portfolio of fully leased, high quality hyperscale assets that extend our runway for growth and pipeline of product for the continued expansion of our strategic private capital platform.”

Mike Forman, Global Head of Digital Infrastructure for Blackstone Real Estate and Greg Blank, Global Head of Digital Infrastructure for Blackstone Infrastructure, said: “We are thrilled with this transaction and the early success of our joint venture with Digital Realty. The Digital Realty team has been exceptional to work with, and we look forward to our continued partnership. The demand for digital infrastructure is even stronger today than when we established this joint venture in 2023, and we have deep conviction in the opportunity ahead.”

Digital Realty agreed to purchase Blackstone’s 80% interest in two 96 megawatt data centers in Manassas, Virginia and a 50% interest in one 96 megawatt data center in Sterling, Virginia for $7.8 billion, at 100% share, including assumed debt and remaining capex to complete the ongoing development. Two of the data centers are expected to stabilize in the first half of 2027, with the third anticipated to stabilize in the first half of 2028. Through this transaction, Digital Realty will increase its exposure to new capacity in the world’s largest data center market, supported by 15-year leases with a blended average AA- customer credit rating and 3.6% annual rent escalators, that are expected to enhance the Company’s growth and visibility.

“This transaction is expected to be accretive to Core FFO per share in each of 2027 and 2028, as development is completed and rents commence,” said Matt Mercier, Chief Financial Officer of Digital Realty. “We also expect it to be accretive to contractual organic rent growth and portfolio quality, given long term leases with premier hyperscale customers in newly constructed assets, in the largest and most sought-after data center market. We believe that our execution to date and the recently announced strategic transactions, position Digital Realty to extend its growth trajectory.”

About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives customers access to the connected data communities that matter to them through a global footprint of 300+ facilities in 55+ metros across 30+ countries on six continents. To learn more, visit digitalrealty.com or follow us on LinkedIn and X.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

For Additional Information

Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 737 281 0101
InvestorRelations@digitalrealty.com

Media Contact
Helen Bleasdale
Digital Realty
+1 737 267 6822
hcbleasdale@digitalrealty.com

Jeffrey Kauth
Blackstone
+1 212 583 5395
jeffrey.kauth@blackstone.com

Paula Chirhart
Blackstone
+1 646 583 6684
paula.chirhart@blackstone.com

Safe Harbor Statement
This press release contains forward-looking statements based on current expectations, forecasts, and assumptions that involve risks and uncertainties which may cause actual results to differ materially from those described. These include statements related to the Blackstone acquisition, completion of development and stabilization, expected benefits, and the company’s strategy. For a description of these risks and uncertainties, please refer to the company’s filings with the U.S. Securities and Exchange Commission. The company undertakes no obligation to update any forward-looking statements.

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3i-backed Evernex adds specialised telecom capabilities with the acquisition of Comptest

3I

3i Group plc (“3i”) announces that Evernex, a global leader in data centre maintenance services, has acquired Comptest Group (“Comptest”), a Poland-based company specialising in telecom and enterprise network equipment.

Founded in 1997, Comptest serves global telecom operators and carriers, with a technical focus on mission-critical network infrastructure. The company serves an international customer base of telecom operators and carriers, one of Evernex’s primary end-market segments, offering strong commercial synergies across the group’s existing customer base.

The acquisition marks the ninth since 3i’s investment in Evernex in October 2019. Comptest’s specialised expertise in telecom network equipment strengthens Evernex’s network capabilities and delivery footprint in the DACH region in a segment characterised by high barriers to entry and strong demand.

Stanislas Pilot, CEO, Evernex, said: “We are delighted to welcome Comptest to Evernex. The acquisition marks an important milestone as we expand our capabilities in telecom infrastructure, which is a natural extension of our capabilities. It also reinforces our technical expertise in network equipment and enhances our ability to serve telecom customers across Europe. Comptest’s strong technical expertise and customer relationships will enable us to further enhance the reliability, proximity and operational excellence we deliver to our customers.”

Patryk Sójkowski, CEO, Comptest, said: “Joining Evernex is an exciting opportunity for Comptest and our team. Evernex’s global platform will enable us to accelerate our development and bring our telecom capabilities to a broader international customer base. Together, we are well-positioned to support the growing demand for high-quality lifecycle services across telecom and enterprise networks.”

Marc Ohayon, Partner and Co-Head of France Private Equity, 3i, said: “This acquisition represents another important step in Evernex’s strategy as a global, integrated platform for IT lifecycle services. It also enables Evernex to deploy deep technical expertise in telecom network infrastructure across its global platform, further enhancing its value proposition to customers operating complex, distributed and mission-critical environments.”

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-Ends-

For further information, contact:

Kathryn van der Kroft
Communications Director
Tel: 020 7975 3021
Email: kathryn.vanderkroft@3i.com

Silvia Santoro
Group Investor Relations Director
Tel: 020 7975 3258
Email: silvia.santoro@3i.com

Notes to editors:

About 3i Group
3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America.

For further information, please visit: www.3i.com

About Evernex

Evernex is a leading global provider of data centre maintenance services, helping companies extend the lifespan of hardware, minimise downtime, and improve sustainability. Its solutions include maintenance, spare parts management, recycling, secure data disposal, relocation, hardware rental, and financing solutions.
Operating in more than 165 countries, Evernex maintains over 500,000 IT systems and offers 24/7 support through a network of global service centres.

For further information, please visit: www.evernex.com

About Comptest Group

Founded in 1997 and headquartered in Poznań, Comptest Group is a provider of repair and refurbishment services for telecom and enterprise network equipment. The company supports mission-critical infrastructure for international telecom operators and enterprises, with advanced technical expertise in optical transmission, core routing and access equipment.

For further information, please visit: https://comptest.pl/

Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i France.

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KKR-Led Consortium with Singtel Group to Fully Acquire ST Telemedia Global Data Centres at S$13.8 Billion Enterprise Value

KKR

Marks one of the largest digital infrastructure transactions in Southeast Asia

SINGAPORE–(BUSINESS WIRE)– Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres (“STT GDC” or the “Company”), a leading data centre colocation services provider, from founding shareholder ST Telemedia for a total consideration of S$6.6 billion (approximately US$5.1 billion). This represents an implied enterprise value of approximately S$13.8 billion (approximately US$10.9 billion), including leverage and capital expenditure for committed projects.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260202441025/en/

Upon completion, KKR and Singtel will own stakes of 75% and 25% respectively in the Company, taking into account the conversion of existing redeemable preference shares that both KKR and Singtel hold in the Company.

The Consortium first invested S$1.75 billion (approximately US$1.3 billion) in STT GDC through preference shares and warrants in what marked the largest digital infrastructure investment in Southeast Asia in 2024. Since then, the Company has grown its pipeline from 1.4GW in 2024 to over 1.7GW.

Established in 2014 by ST Telemedia and headquartered in Singapore, STT GDC is one of the world’s fastest-growing and most diversified data centre platforms with 2.3GW of design capacity across 12 major markets in Asia Pacific and United Kingdom and Europe. It provides critical services including high-quality colocation, connectivity and round-the-clock support services. As demand for AI and cloud services continues to accelerate, it is fuelling the need for new data centres to drive resource-intensive workloads.

David Luboff, Co-Head of KKR Asia Pacific and Head of Asia Pacific Infrastructure at KKR, said, “Digital infrastructure remains one of the most compelling long-term investment themes globally as cloud computing and data-rich applications continue to reshape how data is created, stored, and processed. STT GDC is well-positioned within this landscape, with a diversified footprint, strong development pipeline and a leadership team with a clear vision for global scale. This transaction represents a rare opportunity to further support a high-quality platform and deepen our strategic partnership with Singtel. We look forward to deploying KKR’s global network and deep digital infrastructure expertise to help STT GDC accelerate its next phase of sustainable, international growth.”

Arthur Lang, Group Chief Financial Officer of Singtel, said, “This acquisition is a significant step towards scaling our new growth engine in digital infrastructure as mapped out in our Singtel28 growth plan. STT GDC’s diverse geographical footprint increases our exposure to new markets and makes the Singtel Group a stronger data centre player with global reach. We appreciate ST Telemedia’s stewardship of the company and are confident that its seasoned leadership team will continue to scale the solid platform they have built. When added to our portfolio of data centre assets that includes Nxera in which KKR is also a capital partner, it meaningfully changes the business complexion of the Group while creating new opportunities for capital optimisation and growth. We will continue to exercise discipline in capital allocation and evaluate capital recycling alternatives to fund growth and maintain balance‑sheet efficiency. Our dividend and growth plans under Singtel28 remain intact.”

Stephen Miller, President & Group CEO of ST Telemedia, said, “ST Telemedia established STT GDC 12 years ago to pioneer one of Asia Pacific’s leading data centre platforms, combined with an equally strong position in the United Kingdom and Europe through VIRTUS. We are proud of STT GDC’s market leadership and the exceptional value creation achieved by the team over that period. As the data centre sector has fundamentally shifted, its exponential trajectory now requires a different scale of capital and specialised focus for STT GDC’s next exciting phase of continued growth. As a long-term, strategic shareholder, we have steadfastly supported STT GDC’s development and transformation. This transaction demonstrates our strategic stewardship while ensuring STT GDC’s ongoing sustainable growth with an optimal partner. Finally, we extend our deep gratitude to the STT GDC management and staff for their outstanding execution and dedication over the past 12 years.”

Bruno Lopez, President & Group CEO of STT GDC, said, “Today’s announcement marks an exciting new chapter in STT GDC’s journey, building on the strong foundations established over the past 12 years. We appreciate the pivotal role of ST Telemedia in nurturing and guiding the business to the breadth and scale it is today. This expanded investment from KKR and Singtel underscores their confidence in the quality of STT GDC’s business and its growth trajectory and will further accelerate our mission to deliver the critical infrastructure powering tomorrow’s digital economy. With the consortium’s global expertise, regional networks, financial strength and, most importantly, our shared ambition, STT GDC is poised to scale rapidly and capture the next wave of significant growth in cloud and AI demand. Coupled with our proven leadership and exceptional teams across all markets, STT GDC is well-positioned to shape the future of sustainable digital infrastructure and continue delivering value to our customers, partners and employees.”

The transaction is expected to close by early second half of 2026, subject to customary closing conditions, including regulatory approvals.

Consortium Background:

KKR is making this investment predominantly from its Asia Pacific infrastructure strategy. This marks KKR’s latest digital infrastructure investment in Southeast Asia and globally. Past investments in this region have included: Nxera, a Singapore-headquartered data centre platform serving Asia Pacific; Pinnacle Towers, a digital infrastructure platform in Asia with a focus on the Philippines; and OMS Group, a neutral subsea telecommunications cable services provider. Globally, KKR’s data centre investments have included: CyrusOne, a global data center owner and operator and Global Technical Realty, a data center platform with a focus on Europe and the UK, among others. KKR’s Asia Pacific infrastructure platform has grown to approximately US$16 billion (approximately S$20 billion) in assets under management since it was established in 2019, as of September 30, 2025.

Singtel Group is a leading provider of connectivity, digital services and digital infrastructure, with data centres a critical part of the business. In September 2023, KKR acquired a 20% stake in Nxera. The operational capacity of Nxera’s data centres in Southeast Asia is expected to more than double from over 200MW in 2026 to over 400MW in the mid-term. These data centres together with the Group’s extensive regional terrestrial fibre network, subsea cable network spanning more than 195,000 km across 30 countries, Paragon orchestration platform and RE:AI AI cloud service, form the core portfolio of its Digital InfraCo unit. This transaction is not expected to have an impact on Singtel’s credit rating and dividend policy.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.

For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Singtel Group

Singtel Group is a leading Asian communications technology group, operating next-generation connectivity, digital infrastructure and digital businesses including regional data centre arm Nxera and regional IT services arm NCS. The Group has presence in Asia, Australia and Africa and reaches over 820 million mobile customers in 20 countries.

For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For enterprises, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber security capabilities.

Singtel is dedicated to continuous innovation, harnessing technology to create new and exciting customer experiences, support enterprises in their digital transformation and shape a more sustainable, digital future.

For more information, visit www.singtel.com.

About ST Telemedia

ST Telemedia (STT) is a Singapore-headquartered strategic investor specialising in Communications, Data Centres and Infrastructure Technology businesses globally. Its vision is to build leading digital services and infrastructure platforms that facilitate business growth and help societies advance. Since commencing operations in 1994, STT has demonstrated a strong track record of building and growing its portfolio companies into market leaders in both developed and high-growth markets. STT is represented in 15 countries across Asia, Europe and the US.

For more information, visit https://www.sttelemedia.com/

About ST Telemedia Global Data Centres

ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere.

For more information, visit www.sttelemediagdc.com

Media Contacts

For KKR:
Wei Jun Ong
+65 9139 5813
weijun.ong@kkr.com

For Singtel:
Lian Pek
+65 9488 2696
lianpek@singtel.com

For ST Telemedia:
Stephen Miller
stephen_miller@sttelemedia.com

For ST Telemedia Global Data Centres:
Chow Yi
+65 9784 6406
yi.chow@sttelemediagdc.com

Source: KKR

 

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Bain Capital Successfully Completes $4 Billion Strategic Sale of WinTriX’s China Business

BainCapital

Beijing, January 16, 2026 — Bain Capital, a leading global private investment firm, today announced the successful completion of the sale of the China business of its data center portfolio company WinTriX DC Group (hereinafter “Chindata”) to a consortium led by Shenzhen Dongyangguang Industry Co., Ltd. (hereinafter “HEC”). The transaction, which values the business at approximately $4 billion, represents the largest transaction in the history of China’s data center industry.

The completion of the transaction marks a successful collaboration between Bain Capital and HEC, further underscoring strong industry confidence in the long-term growth potential of China’s digital infrastructure. Since Bain Capital’s initial investment in 2018, Chindata has grown into one of China’s leading hyperscale data center platforms, playing a critical role in supporting the rapid development of artificial intelligence, big data, and cloud computing.

“We are pleased to see this landmark transaction successfully completed,” said Drew Chen, a Partner at Bain Capital. “Chindata’s growth journey reflects Bain Capital’s long-term commitment to building and scaling category-leading businesses in partnership with strong management teams. We believe that HEC will build on this strong foundation and continue to advance Chindata into its next phase of growth.”

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. We have 24 offices on four continents, more than 1,945 employees, and approximately $215 billion in assets under management.

 

Media Contact

Asia / China

Zhen Trudy Wang

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Alt Goes Mainstream: Inside Infrastructure Investing

Stonepeak

Cyrus Gentry, CEO of SP+ INFRA, joined Michael Sidgmore of the Alt Goes Mainstream podcast at one of Stonepeak’s newest data center assets to break down what makes infrastructure assets durable – hard asset backing, mission-critical services, high barriers to entry, and inflation-linked pricing power – and to share insights on the development of Stonepeak+, the firm’s dedicated wealth platform. Listen in for a thoughtful discussion on today’s infrastructure investing landscape and a practical framework for where the asset class fits in an investment portfolio.

 

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KKR and Oak Hill Capital Commit Nearly $2 Billion to Leading European Data Center Platform Global Technical Realty

KKR

Investment to accelerate GTR’s expansion as demand for next-generation data center infrastructure continues to rise across Europe

NEW YORK & LONDON–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that it is making an additional $1.5 billion equity commitment to Global Technical Realty (“GTR”), a multi-billion dollar European built-to-suit data center platform. In connection with this investment, Oak Hill Capital (“Oak Hill”), a thematic, middle-market private equity firm, will join as an investor in the company, committing approximately $400 million.

Founded by leading data center entrepreneur Franek Sodzawiczny and KKR, GTR has grown into one of Europe’s premier developers and operators of mission-critical data center capacity. Since the launch of the platform in 2020, GTR has established a strong footprint across both primary and emerging high-growth markets, delivering innovative data centers designed to meet the requirements of hyperscale, cloud and AI-driven workloads, supported by a team drawn from some of the industry’s most experienced participants.

The new commitments from KKR and Oak Hill will support GTR’s substantial development pipeline, including additional greenfield capacity and new market entries across Europe to meet rising demand for high-performance and power-dense compute and cloud infrastructure. With a growing operating team and multiple projects already in execution, GTR is positioned to scale rapidly across Europe as demand for AI-ready data center capacity continues to accelerate.

“As rapid cloud growth continues and scaled AI demand begins to materialize, the need for high-quality, power-efficient, and scalable data center infrastructure in Europe has never been greater,” said Andrew Peisch, Partner at KKR. “GTR has established itself as one of Europe’s most capable developers of next-generation facilities, and we are thrilled to deepen our commitment to the platform while expanding our long-standing relationship with Oak Hill.”

“We are pleased to invest in GTR and collaborate with KKR to support a platform that sits at the intersection of cloud, AI, and critical infrastructure,” said Adam Hahn, Partner at Oak Hill. “GTR has built a differentiated platform with a strong management team, and we look forward to supporting the company as it continues to scale to meet the growing digital infrastructure needs across Europe.”

Franek Sodzawiczny, CEO and founder of GTR, added: “This investment marks a major inflection point for GTR. Demand from hyperscale and AI-driven customers across Europe continues to accelerate, and this capital enables us to scale our team, deepen our operating capabilities, and move faster into new markets. KKR has been an exceptional strategic partner since our inception, and their renewed commitment positions us to execute against a substantial development pipeline. We are also delighted to welcome Oak Hill, whose deep experience in digital infrastructure and telecommunications will be invaluable as we scale the platform for its next phase of growth.”

KKR is funding its investment primarily from its Global Infrastructure Strategy. The firm has committed approximately $34 billion of equity into digital infrastructure across 24 investments, alongside more than $20 billion in power and renewables. KKR’s portfolio includes five data center platforms across the U.S., APAC, and EMEA totaling more than 155 facilities and a 12-gigawatt development pipeline, twelve fiber platforms reaching nearly 30 million homes, and over 130,000 wireless infrastructure sites across Europe and APAC.

Oak Hill and its predecessors have been investing in digital infrastructure for over 30 years, with 30 investments to date. The investment in GTR marks the firm’s fourth platform investment in the data center space and draws on Oak Hill’s deep experience in scaling digital infrastructure businesses.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Oak Hill Capital

Oak Hill Capital is a thematic, middle-market private equity firm focused primarily on investing in resilient, defensive growth-oriented services businesses. The firm takes a systematic approach to identifying and building enduring franchises aligned with high conviction themes in (i) digital infrastructure; (ii) financial services; and (iii) essential services. Headquartered in New York City, with offices in Menlo Park and Stamford, over its ~40-year history, Oak Hill has invested in over 115 companies and has raised over $25 billion of initial capital commitments and co-investments since inception. For more information, please visit www.oakhill.com.

About Global Technical Realty

GTR is a build-to-suit European data center platform. The company’s focus is the design and construction of tailored and sustainable data centers for global hyper-scalers in key global markets. GTR’s management team comprises seasoned professionals with extensive technical real estate experience and a proven track record in the data center sector. For further information: www.globaltechnicalrealty.com.

Media Contacts

KKR

Liidia Liuksila
Media@KKR.com

Oak Hill

Trevor Gibbons / Alex Hinson
Pro-OakHillCapital@prosek.com

Global Technical Realty
Clare Shepard
Clare.Shephard@maillot-jaune.co.uk

Source: KKR

 

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Apollo Backs $5.4 Billion Valor and xAI Data Center Compute Infrastructure Transaction with $3.5 Billion Capital Solution

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GPU Lease Financing to Support xAI’s Second Data Center

NEW YORK, Jan. 07, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds and affiliates (the “Apollo Funds”) have led a $3.5 billion capital solution for Valor Compute Infrastructure L.P. (“VCI”), a fund managed by Valor Equity Partners (“Valor”), to support its $5.4 billion acquisition and lease of data center compute infrastructure, including NVIDIA GB200 GPUs, to a subsidiary of xAI Corp (“xAI”). The financing uses a triple net lease structure and will support one of the world’s most powerful compute clusters for ongoing model training and development of Grok.

NVIDIA invested in VCI as an anchor Limited Partner alongside many of Valor’s institutional investors. Since inception in 2023, xAI has rapidly established its position as one of the leading companies in artificial intelligence, with Grok 4 demonstrating strong performance across benchmarks.

“This transaction represents a hallmark, downside-protected investment for Apollo in the AI infrastructure space and underscores our role as a leading provider of flexible, asset-based capital for next-generation assets,” said Apollo Partner Christopher Lahoud. “We are supporting the growth of this transformative technology by investing in the critical infrastructure that enables it, alongside highly regarded partners like Valor and NVIDIA, who are driving the next wave of innovation.”

“VCI is an extension of our continued service as a firm to xAI. The fund provides investors with the opportunity to invest in critical artificial intelligence compute infrastructure with quarterly cash distributions and upside through ownership of the compute assets,” said Valor Founder, CEO and CIO Antonio Gracias.

Apollo estimates that global data center infrastructure will require several trillion dollars of investment over the next decade, driven by secular trends associated with the Global Industrial Renaissance and accelerating demand for compute capacity and AI workloads. Since 2022, Apollo-managed funds and affiliates have deployed over $40 billioni into next-generation infrastructure, including compute capacity, digital platforms and renewable energy.

Latham & Watkins LLP served as legal counsel to the Apollo Funds, Proskauer Rose LLP served as legal counsel to VCI and Sullivan & Cromwell LLP served as legal counsel to xAI.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

About Valor Equity Partners

Valor Equity Partners is an operational growth investment firm focused on investing in high-growth companies across various stages of development. For decades, Valor has served its companies with unique expertise to solve the challenges of growth and scale. Valor partners with leading companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries. As of December 31, 2025, Valor had approximately $55 billion of assets under management. For more information on Valor Equity Partners, please visit www.valorep.com.

Contacts

Noah Gunn

Global Head of Investor Relations

(212) 822-0540

IR@apollo.com

Joanna Rose

Global Head of Corporate Communications

(212) 822-0491

Communications@apollo.com

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i Includes certain transactions that have signed but not yet closed. There can be no assurance that these transactions will close as expected or at all.

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Antin to acquire NorthC, a leading European enterprise colocation data centre platform, from DWS

Antin

Paris, London, New York

Antin Infrastructure Partners has agreed to acquire NorthC Datacenters, a leading enterprise colocation data centre platform in Northwest Europe, from DWS and other minority shareholders. The transaction is being carried out through Antin’s Flagship Fund V.

Based in Amsterdam, NorthC operates 25 colocation data centres across major metropolitan areas in the Netherlands, Germany and Switzerland. The platform has more than 140 MW of secured gross grid capacity from existing and greenfield sites to support future growth.

NorthC was formed in 2019 through the combination of two Dutch data centre operators and has rapidly become a major European player. Under the leadership of CEO Alexandra Schless, the company has expanded into Germany and Switzerland, delivering sustained organic growth supported by greenfield developments and bolt-on acquisitions, including, most recently, six data centres in Germany and the Netherlands.

NorthC serves more than 1,600 blue-chip customers across cloud and IT service providers, carriers, public sector and financial institutions, industry, transport and the healthcare and pharmaceutical sectors. The company is well positioned to continue growing, benefitting from strong, long-term market demand for high-quality colocation solutions, underpinned by continued IT outsourcing, cloud adoption, increasing data sovereignty requirements and rapidly growing AI workloads.

Antin has a long track record of investing in and scaling critical digital infrastructure platforms across Europe. This includes notably Pulsant, a leading regional enterprise colocation data centre platform in the UK, as well as various connectivity and communications infrastructure platforms in fibre and towers. The acquisition of NorthC builds on this expertise and further strengthens Antin’s position as a partner of choice for high-growth digital infrastructure businesses across the continent.

Upon closing, this investment will mark the sixth by Antin’s €10.2 billion Flagship Fund V. Antin’s Flagship strategy targets sizeable investments in established infrastructure companies across Europe and North America in the energy and environment, digital, transport and social sectors, following a value-add investment approach to grow and transform infrastructure businesses. Antin will invest alongside Alexandra Schless and the management team, who bring deep sector expertise and a proven track record of delivering growth.

Stéphane Ifker and Maximilian Lindner, respectively Managing Partner and Partner at Antin Infrastructure Partners, commented: “We have a strong conviction on the growth potential for colocation data centres, and NorthC is the leading operator in this space in Europe. NorthC is well positioned to accelerate its expansion and consolidate its leadership in a fast-growing and increasingly strategic segment of the digital infrastructure market. We look forward to supporting Alexandra and the team to achieve the next phase of NorthC’s growth.”

Harold D’Hauteville, Partner of DWS Infrastructure, added: “We are thrilled to have had the opportunity to create and grow NorthC with its incredible management team over the past six years. NorthC’s consistent focus on providing high quality colocation services to its clients across the Benelux and DACH region has established the business as a regional leader. We see strong growth potential in the enterprise colocation sector, as essential infrastructure required to enable the digital transformation and AI. We have no doubt that the management will continue to scale the business to reach new heights under its new ownership in the years to come.”

Alexandra Schless, CEO of NorthC, stated: “We are grateful to DWS for its support over the past years, and are delighted to work alongside Antin to continue taking the company forward. Antin’s direct experience of colocation data centres and knowledge of the enterprise end-customer market will be strong assets to help us seize the many growth opportunities that lie ahead.”

The transaction remains subject to regulatory approvals and is expected to close in H1 2026.

NorthC was advised by Evercore and Torch Partners as financial advisers and Latham & Watkins as legal adviser. Antin was advised by Guggenheim Securities as financial adviser and Clifford Chance and Simpson Thacher & Bartlett as legal advisers.

 

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With over €33 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, digital, transport and social infrastructure sectors. With offices in Paris, London, New York, Seoul, Singapore and Luxembourg, Antin employs over 240 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0). For more information visit: www.antin-ip.com/

 

About DWS

DWS Group (DWS), with EUR 1,054bn of total assets under management (as of 30 September 2025), is a leading European asset manager with global reach. With approximately 4,900 employees in offices around the world, DWS offers individuals, institutions and large corporations access to comprehensive investment solutions and bespoke portfolios across the full spectrum of investment disciplines. Its diverse expertise in Active, Passive and Alternative asset management enables DWS to deliver targeted solutions for clients across all major liquid and illiquid asset classes. www.dws.com

 

About NorthC

NorthC Group operates data centers in the Netherlands, Switzerland, and Germany. NorthC distinguishes itself by a strong local presence in various regions, high-quality services, and customized connectivity and hybrid cloud solutions. NorthC aims to be completely climate neutral by 2030, based on four sustainability pillars: 100% green energy, green hydrogen, optimal use of waste heat from data centers, and modular construction. More information can be found on the NorthC Datacenters website: www.northcdatacenters.com/en

 

 

Media Contacts

Antin Infrastructure Partners

Thomas Kamm, Partner – Head of Communications

Email: media@antin-ip.com

 

Nicolle Graugnard, Communication Director

Email: media@antin-ip.com

 

Ludmilla Binet, Head of Shareholder Relations

Email: shareholders@antin-ip.com

 

Brunswick

Tristan Roquet Montegon

+33 (0) 6 37 00 52 57

Email: antinip@brunswickgroup.com

 

NorthC Group

Lisa van den Berg – Director Marketing

+31 6 14730512

Email: lisa.vandenberg@northcdatacenters.nl

 

DWS Group

Nick Bone – Head of International Media Relations

+44 207 547 2603

Email: nick.bone@dws.com

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Stonepeak and Columbia Capital to Acquire Berlin Data Center Operator IPB

Stonepeak

BERLIN – LONDON – ALEXANDRIA – November 10, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Columbia Capital, an investment firm focused on the digital infrastructure, enterprise technology, and mobility sectors, today announced that they have entered into an agreement to acquire IPB Internet Provider in Berlin GmbH (“IPB” or the “Company”), a leading data center operator in Berlin.

IPB was a founding member of the Berlin Commercial Internet Exchange (“BCIX”) and established Berlin’s first carrier-neutral colocation data center in 2003, which now represents the primary interconnection hub in the emerging Berlin data center market. The Company operates two strategically located data centers with a track record of providing reliable and flexible infrastructure solutions to more than 200 customers.

“As land and power constraints in Europe’s Tier I data center markets persist, markets such as Berlin are becoming increasingly important,” said Andrew Thomas, Senior Managing Director at Stonepeak. “IPB is the primary connectivity hub in Berlin, well positioned to capitalize on cloud demand overflow to Tier II markets and the shift to AI inferencing. We’re excited to again partner with Columbia Capital, and to build on IPB’s strong foundation and support its next phase of growth.”

“IPB has maintained connectivity leadership in Berlin and also co-founded BCIX, the largest IXP in Berlin, and we believe its strategic importance to Berlin’s expanding digital ecosystem will only increase,” said Patrick Hendy, Partner at Columbia Capital. “We look forward to leveraging our experience scaling digital infrastructure businesses to support IPB on its growth journey.”

“Stonepeak and Columbia Capital are ideal partners for IPB as we embark on this next chapter,” said Steffen David, founder and Managing Director of IPB. “We are confident that their disciplined investment approach and combined digital infrastructure expertise, expansive industry relationships, and deep experience scaling data center businesses will enhance our customers’ experience and accelerate our vision for the business.”

The transaction is expected to close in the fourth quarter of 2025. Additional terms of the transaction were not disclosed. Latham & Watkins served as legal counsel to Stonepeak and Columbia Capital. Forvis Mazars served as legal counsel and financial advisor to IPB.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $79.9 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Columbia Capital
Columbia Capital is a leading growth equity investment firm, focused on partnering with top operators to build companies in the digital infrastructure, enterprise IT, and mobility sectors. Since its inception in 1989, Columbia Capital has invested in over 175 companies across its sectors of focus and currently manages approximately $7 billion of assets. Columbia Capital is headquartered in Alexandria, VA, United States. For more information visit  www.colcap.com. 

About IPB
IPB is a family business founded in 1997 that operates the primary interconnection data centers in Berlin under the CarrierColo brand. The Company provides reliable and flexible infrastructure solutions including colocation and network services to over 200 customers. Sustainability is important to IPB and the Company’s data centers are powered by 100% renewable energy with waste heat re-use contracts in place. 

Contacts

For Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

For IPB
Jennifer Sainte-Luce
press@ipb.de
+49 30 920 373 920

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