DIF Capital Partners Acquires Tonaquint Data Centers

Tonaquint Acquires Former EdgeX Data Center in Oklahoma City

January 17, 2024

Cloud & SaaS

Tonaquint acquired the former EdgeX data center facility in Oklahoma City in late 2023 and is upgrading the site from a single-client environment to a multi-tenant, initially deploying 2.5 MW of critical IT load with expansion capability up to 12 MW. The St. George, Utah–based data center operator (PE-backed by DIF Capital Partners) is refreshing infrastructure and customer spaces to target high-density and AI workloads and begin taking orders for capacity in April 2024.

DIF Capital Partners Acquires Majority Stake in Diverso Energy

May 10, 2023

Renewable Energy

DIF Capital Partners, via its DIF Infrastructure VII fund, has signed an agreement to acquire a 75% majority interest in Diverso Energy Inc., a Canadian developer, owner and operator of geothermal heating and cooling systems. The founders retain 25% and will continue to lead the company; the investment will fund Diverso's growth and execution of its pipeline of geothermal EaaS projects across Canada.

CVC DIF Acquires Spanish Data Centre Operator Adam Ecotech

October 31, 2024

IT Services

CVC DIF has agreed to acquire a 100% stake in Adam Ecotech, a colocation data centre operator with facilities in Madrid and Barcelona, from Ogic Informatica. The deal gives CVC DIF a platform entry into the European data centre market and will support Adam Ecotech's planned capacity and geographic expansion across Spain and Europe.

DIF Capital Partners Acquires Bernhard, LLC from Bernhard Capital Partners

December 2, 2021

Energy

DIF Capital Partners, through its DIF Infrastructure VI fund, has completed the acquisition of Bernhard, LLC — the largest privately owned Energy-as-a-Service (EaaS) provider in the United States — from Bernhard Capital Partners Management, LP. Senior management will retain meaningful ownership and Bernhard will serve as a core part of DIF’s U.S. EaaS strategy as the company continues to scale.

DIF Capital Partners Acquires Majority Stake in Pinnacle Power Limited

April 5, 2023

Energy

DIF Capital Partners has signed an agreement to acquire a significant majority stake in UK district heating developer and operator Pinnacle Power Limited via its DIF Infrastructure VII fund, with Pinnacle Power management retaining a minority stake and Pinnacle Group Limited exiting as the previous shareholder. The investment will fund the development, ownership and expansion of city-scale district heating networks across the UK, supporting projects such as the Greenwich Peninsula network and accelerating the transition to low-carbon heat.

CVC Capital Partners Acquires DIF Capital Partners and Final Stake in Glendower Capital

July 3, 2024

Financial Services

CVC Capital Partners has completed the acquisition of DIF Capital Partners and acquired the final 20% stake in Glendower Capital, rebranding them as CVC DIF and CVC Secondary Partners respectively. The deals expand CVC's secondaries and infrastructure capabilities, include an issuance of 37,448,444 shares as consideration, and involve leadership transitions at the acquired businesses.