H.I.G. Infrastructure Acquires Controlling Interest in PolarDC Group
October 7, 2024
An affiliate of H.I.G. Capital’s infrastructure strategy has acquired a controlling interest in PolarDC Group Limited, a European developer, owner and operator of high-performance computing (HPC) data center infrastructure. Polar’s first data center in Norway will offer up to 48MW of capacity, powered by 100% renewable hydroelectric power, and early investor LIAN Group will retain a minority stake as H.I.G. supports delivery of Polar’s near-term project pipeline to serve AI/HPC demand.
- Buyers
- H.I.G. Infrastructure (affiliate of H.I.G. Capital)
- Targets
- PolarDC Group Limited (Polar)
- Industry
- Infrastructure
- Location
- United Kingdom
- Transaction Type
- Buyout
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