Overview
- CPP Investments will hold about 60% and Equinix about 40% in atNorth in a transaction valued at roughly US$4 billion, subject to customary regulatory approvals.
- The buyers have arranged a provisional US$4.2 billion financing package underwritten by European and Canadian lenders to refinance debt and support expansion.
- atNorth will keep its independent brand as it scales high‑density colocation and built‑to‑suit capacity for AI, hyperscale and enterprise customers.
- The company operates eight data centers across Denmark, Finland, Iceland, Norway and Sweden, with additional sites in development and plans tied to 1 GW of secured power.
- CPPIB is paying roughly US$1.6 billion for its 60% stake, and the fund’s infrastructure lead described the US$4.2 billion debt package as the largest ever raised for a European data‑center developer.