I Squared Capital Agrees to Acquire Elea Data Centers

I Squared Capital Acquires Cogent Fiber Data Center Portfolio to Launch U.S. AI Inference and Edge Colocation Platform

May 25, 2026

Infrastructure

I Squared Capital has entered into a definitive purchase and sale agreement to acquire a portfolio of ten U.S. data center facilities from Cogent Fiber, LLC, an indirect wholly owned subsidiary of Cogent Communications, for $225 million in cash. The acquisition is intended to seed a new U.S. data center operating platform focused on colocation, high-density deployments, and AI inference infrastructure, with I Squared committing up to $1 billion to build the platform.

Ardian to Acquire Energia Group From I Squared Capital

October 7, 2025

Energy

Ardian has announced a definitive agreement to acquire 100% of Energia Group from I Squared Capital. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals.

Bain Capital Acquires 80% Stake in AQ Compute

October 30, 2024

Infrastructure

Bain Capital has acquired an 80% majority stake in sustainability-focused data center developer AQ Compute from Germany-based Aquila Group, forming a partnership to accelerate the buildout of green data centers across Europe. The investment targets multi-billion euro development volumes to expand AQ Compute’s modular, AI-ready colocation capabilities for hyperscale, cloud and AI customers.

Bain Capital Acquires Controlling Stake in Eleda from Altor

December 11, 2023

Infrastructure

Bain Capital Private Equity has agreed to acquire a controlling stake in Eleda, the Stockholm-headquartered Nordic infrastructure projects and services group, from Altor, which will retain a minority stake. Eleda's founders and management will reinvest, and Bain will partner with the team to accelerate growth—particularly in segments tied to the green transition such as water, power distribution, district heating, roads, data centres and EV charging.

I Squared Capital Acquires VLS Environmental Solutions From Aurora Capital Partners

August 18, 2022

Environmental Services

I Squared Capital, via its ISQ Global Infrastructure Fund III, signed a definitive agreement to acquire VLS Environmental Solutions from Aurora Capital Partners. The deal was expected to close in Q3 2022 and the transaction has been reported as closed as of August 18, 2022. VLS provides ESG-focused waste management and specialty cleaning and repair services for regulated industries across North America.

I Squared Capital Acquires KIO Networks

December 2, 2021

Infrastructure

I Squared Capital has completed the acquisition of KIO Networks, Mexico’s largest data center operator and a leading digital infrastructure service provider with operations across Mexico, Central America, the Caribbean and Spain. The deal expands I Squared Capital’s digital infrastructure platform in Latin America by adding KIO’s data center footprint, managed cloud, cybersecurity and managed services capabilities.