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 is a leading pan-Nordic data center platform specializing in high-density colocation and built-to-suit solutions designed for AI and High-Performance Computing (HPC). The company’s business model leverages the Nordic region’s natural cooling, renewable energy abundance, and circular economy principles, such as heat reuse and modular design. Operating eight operational facilities across Denmark, Finland, Iceland, Norway, and Sweden, atNorth serves a diversified international base of over 100 customers. Its value proposition is centered on providing high-density compute infrastructure with a competitive total cost of ownership and fast ready-for-service timelines. With a secured power bank of 1 GW and an 800 MW active development pipeline, the platform is positioned as a globally significant AI powerhouse capable of supporting massive liquid-cooled workloads.