Partners Group has agreed to sell atNorth to a consortium comprising CPP Investments and Equinix. Under the agreement, CPP Investments will hold a 60% controlling interest, with Equinix owning the remaining 40%. The transaction marks a successful exit for the seller, who transformed the company from a smaller base into a leading pan-Nordic platform, increasing contracted EBITDA 14-fold since 2022. The deal includes a provisionally agreed financing package of 4.2 billion dollars to fund both the acquisition and the aggressive expansion of the company’s 1.8 GW secured power pipeline. Strategically, the acquisition provides the acquirers with immediate access to significant high-density capacity in key Nordic markets to meet the surging demand for AI and hyperscale workloads. The seller has committed to reinvesting and acquiring up to 10% of the company, signaling continued confidence in the platform's future growth.

ATNORTH, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (13.0x).

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