Partners Group, a Swiss-based global private equity firm, has acquired EdgeCore Digital Infrastructure, a US-based hyperscale data centers builder, operator, and owner, for $1.2 billion.

EdgeCore Digital Infrastructure is an infrastructure platform that chooses, constructs, and commercializes data centers for major technology, cloud, and internet firms.

The transaction entails EdgeCore Digital Infrastructure’s existing and under construction sites, and fund future acquisitions and buildout.

Ed Diffendal — Partners Group Private Infrastructure Americas Managing Director and Co-Head said: “Through our thematic investing approach, we found rising demand for data centers in the US as service providers deploy more capacity to support businesses migrating to the cloud.

“EdgeCore is a unique next-generation infrastructure investment due to its strong portfolio of data center sites, advanced pipeline of shovel-ready assets in strategically important markets, and talented management team.

“We look forward to building out the platform.”

Under the terms of the transaction, Partners Group will collaborate with EdgeCore Digital Infrastructure to expand the existing sites, acquire and build future assets in the US, and increase sustainability initiatives at its data centers.

Tom Ray — EdgeCore Digital Infrastructure CEO said: “EdgeCore differentiates itself through a combination of superior site locations, excellent reliability, flexible customer solutions, and speed to market.

“We build data centers in areas that maximize our pool of potential customers and design them to the performance standards of the top hyperscale customers.

“We have identified a pipeline of opportunities across the US and believe Partners Group’s extensive experience working with infrastructure platforms, coupled with its financial resources, will enable us to execute on current and future opportunities.”

Partners Group was advised by Clifford Chance, Latham and Watkins, KPMG, and Ropes & Gray while EdgeCore Digital Infrastructure was advised by Ernst and Young, RBC Capital Markets, and Greenberg Traurig.

With $21 billion in assets under management, Partners Group’s Private Infrastructure business has made more than 130 investments in 18 countries.

  data centers, Ed Diffendal, EdgeCore Digital Infrastructure, Partners Group, Tom Ray, USA