Antin to acquire NorthC Datacenters
Antin Infrastructure Partners (Antin) has agreed to acquire Amsterdam-based NorthC Datacenters from DWS Group and minority shareholders through its Flagship Fund V, according to an Antin press release.
TMT Finance has been closely tracking the sale process, starting in May 2025 with a report that Evercore and Torch Partners had been mandated to review options for the company.
| Updates | TMT Finance | Timeline to announcement |
|---|---|---|
| Evercore, Torch Partners mandated to review options | 29 May 2025 | 196 days |
| Preliminary EBITDA estimations, timeline to launch | 29 May 2025 | 196 days |
| Teasers circulated | 15 September 2025 | 87 days |
| EBITDA details from teaser, preliminary valuation multiples | 15 September 2025 | 87 days |
| Early interested parties, including Antin | 15 September 2025 | 87 days |
| Full sale launches | 30 September 2025 | 72 days |
| NBO date revealed | 30 September 2025 | 72 days |
| Advisors named for four bidding parties, including Guggenheim for Antin | 17 October 2025 | 55 days |
| Shortlisted party identified, NBO bidders named | 30 October 2025 | 42 days |
| Two further shortlisted parties identified, including Antin | 6 November 2025 | 35 days |
Antin's purchase remains subject to regulatory approvals and is expected to close in H1 2026, the release said. Financial terms were not disclosed; details on EBITDA and the expected valuation range remain exclusive to TMT Finance.
The announcement stated that NorthC received financial advice from Evercore and Torch Partners and legal advice from Latham & Watkins; Antin received financial advice from Guggenheim Securities and legal advice from Clifford Chance and Simpson Thacher & Bartlett.
NorthC’s footprint consists of 25 live sites and five secured or advanced greenfield projects across 15 metropolitan areas in the Benelux and DACH, according to the teaser. The facilities, which serve around 1,500 customers, are described as Tier III with a secured gross grid capacity of over 120MW.
TMT Finance subscribers can read our full, exclusive reporting on this deal via our intelligence platform.
Not yet a subscriber? Get access to the very latest intelligence and analysis on M&A, financing and investment in digital infrastructure, keeping you fully informed so you can spot new opportunities and upcoming deals, before your competitors do.
Request a trial to TMT Finance today.
