Inside atNorth’s $4bn sale to CPPIB and Equinix
On 27 February, Partners Group announced it had agreed to sell Reykjavik-headquartered Nordic datacentre operator atNorth to a consortium of CPP Investments and Equinix, for US$4bn.
Equinix and CPP Investments emerged victorious over the Digital Realty and PSP Investments consortium and other parties who submitted bids in the first round, including Antin and KKR.
TMT Finance has been reporting on this process since 19 June 2025 and our subscribers had access to the valuation 77 days before it was reported elsewhere.
In relation to other news outlets, we reported on this process – on both the equity and debt sides – 13 times, compared to twice by Bloomberg. Other details were exclusive to our readers:
| Updates | TMT Finance | Elsewhere Reported | Time Difference |
|---|---|---|---|
| Partners Group talks to banks | 19-Jun-25 | - | Exclusive to TMT Finance |
| Goldman Sachs mandated | 16-Jul-25 | - | Exclusive to TMT Finance |
| Interested parties including CPPIB | 23-Oct-25 | - | Exclusive to TMT Finance |
| NBOs in – Equinix mentioned as a party with CPPIB | 20-Nov-25 | 27-Nov-25 | 7 days earlier |
| Equinix/CPPIB advisor | 27-Nov-25 | - | Exclusive to TMT Finance |
| 2025 Contracted EBITDA value | 10-Dec-25 | - | Exclusive to TMT Finance |
| US$4bn valuation | 11-Dec-25 | 26-Feb-26 | 77 days earlier |
| DLR partners with PSP | 15-Jan-25 | - | Exclusive to TMT Finance |
| Additional advisors for Equinix and DLR consortia | 22-Jan-26 | - | Exclusive to TMT Finance |
| Equinix/CPPIB frontrunner | 24-Feb-26 | 26-Feb-26 | 2 days earlier |
| Proposed acquisition financing package | 24-Feb-26 | - | Exclusive to TMT Finance |
| Alibaba 33MW lease | 24-Feb-26 | - | Exclusive to TMT Finance |
TMT Finance subscribers can read our full, exclusive reporting on this deal via our intelligence platform.
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