CPP Investments and Equinix Acquire atNorth for US$4 Billion

February 27, 2026

Canada Pension Plan Investment Board (CPP Investments) and Equinix have entered into a joint agreement to acquire atNorth, a Nordic high-density colocation and built-to-suit data center provider, from Partners Group. The deal values atNorth at about US$4 billion enterprise value, with CPP Investments investing about US$1.6 billion for a controlling ~60% stake and Equinix owning about ~40%, subject to customary closing conditions and regulatory approvals.

Buyers
Canada Pension Plan Investment Board (CPP Investments), Equinix, Inc.
Targets
atNorth
Sellers
Partners Group
Industry
Infrastructure
Location
Iceland
Transaction Type
Buyout

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