{"id":1004472421,"date":"2020-08-20T03:20:59","date_gmt":"2020-08-20T11:20:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004472421"},"modified":"2021-05-15T09:05:36","modified_gmt":"2021-05-15T17:05:36","slug":"eqt-infrastructure-to-acquire-edgeconnex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/","title":{"rendered":"EQT Infrastructure to Acquire EdgeConneX"},"content":{"rendered":"
\"\"<\/a>

EdgeConneX facility in Amsterdam. Image courtesy of EdgeConneX<\/em><\/p><\/div>\n

The EQT Infrastructure IV fund has agreed to acquire EdgeConneX Inc. from an investor group led by Providence Equity Partners, according to EQT Infrastructure, the fund\u2019s parent entity. Financials on the acquisition were not disclosed.<\/p>\n

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READ ALSO<\/strong>: TikTok to Invest $500M in 1st European Data Center<\/a><\/p>\n

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EdgeConneX builds and operates<\/a> data centers for cloud, content, network and other providers that need both larger purpose-built facilities and edge facilities sited closer to consumer and enterprise users, to support latency-sensitive applications.<\/p>\n

\"\"<\/a>

Randy Brouckman, CEO, EdgeConneX. Image courtesy of EdgeConneX<\/em><\/p><\/div>\n

EQT Infrastructure stated that it \u201cwill support the continued development of EdgeConneX and actively assist the Company in its pursuit of new opportunities to grow in existing and new markets globally<\/em>.\u201d An EQT spokesperson confirmed to Commercial Property Executive<\/em> that EdgeConneX CEO Randy Brouckman will remain in that position.<\/p>\n

Subject to customary closing conditions, the acquisition is expected to close in the fourth quarter. With this transaction, EQT Infrastructure IV is expected to be 80 to 85 percent invested. Evercore was financial advisor to EdgeConneX, and Simpson Thacher & Bartlett LLP was its legal counsel. Goldman Sachs was financial advisor and Kirkland & Ellis LLP the lead legal counsel to EQT Infrastructure.<\/p>\n

Thriving during a plague<\/h2>\n

EdgeConneX operates more than 40 data centers worldwide, in locations including more than two dozen U.S. metro areas. The company also has substantial presence in South America (Buenos Aires and Santiago) and Europe (Amsterdam, Dublin, Munich and Warsaw).<\/p>\n

EdgeConneX went on an expansion tear in 2018, undertaking to more than double the size of its facility in Denver<\/a>, adding a second edge data center in Atlanta, and partnering with several Argentinian network providers to develop its first edge data center in Buenos Aires<\/a>.<\/p>\n

The European data center market is growing at an unprecedented rate, driven by record increases in absorption, with the FLAP markets (Frankfurt, London, Amsterdam and Paris) among the stars and cloud companies responsible for 80 percent of the absorption, according to a recent CBRE report.<\/p>\n

Interviews with several executives from colocation companies highlighted the importance of the sector<\/a> in keeping economies going during the pandemic. Tenant relationships were expected to fall into two categories: Tenants renewing leases ahead of schedule, versus tenants seeking rent holidays or extended payment terms.<\/p>\n","protected":false},"excerpt":{"rendered":"

An investor group led by Providence Equity Partners is selling the global data center provider, which has a presence on three continents and specializes in hyperscale and edge assets. <\/p>\n","protected":false},"author":882,"featured_media":1004472439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21743,21808,16,23891,21742],"tags":[32789,37581,49273,33435,36966,34333],"class_list":["post-1004472421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-deals","category-featured","category-international","category-national","category-latest","tag-cbre","tag-edgeconnex","tag-evercore-partners","tag-goldman-sachs","tag-providence-equity-partners","tag-simpson-thacher-bartlett"],"acf":[],"yoast_head":"\nEQT Infrastructure to Acquire EdgeConneX - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EQT Infrastructure to Acquire EdgeConneX\" \/>\n<meta property=\"og:description\" content=\"An investor group led by Providence Equity Partners is selling the global data center provider, which has a presence on three continents and specializes in hyperscale and edge assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-20T11:20:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T17:05:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/EdgeConneX-facility.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/\",\"name\":\"EQT Infrastructure to Acquire EdgeConneX - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/EdgeConneX-facility.jpg\",\"datePublished\":\"2020-08-20T11:20:59+00:00\",\"dateModified\":\"2021-05-15T17:05:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/eqt-infrastructure-to-acquire-edgeconnex\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/EdgeConneX-facility.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/EdgeConneX-facility.jpg\",\"width\":800,\"height\":620,\"caption\":\"EdgeConneX facility in Amsterdam. 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