CPP Investments and Equinix to Acquire atNorth in $4 Billion Deal

February 27, 2026

CPP Investments (Canada Pension Plan Investment Board) and Equinix have entered into a joint agreement to acquire Nordic data center operator atNorth from Partners Group in a transaction valued at about $4 billion enterprise value. CPP Investments will invest roughly $1.6 billion for a 60% controlling stake, while Equinix will hold about 40%; closing is subject to customary regulatory approvals and conditions.

Buyers
CPP Investments, Equinix
Targets
atNorth
Sellers
Partners Group
Industry
Infrastructure
Location
Iceland
Transaction Type
Buyout

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