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Investments: equity, M&A and joint ventures

Who is buying, backing and co-owning data centres and GPU clouds. Each entry links to the announcement or filing it comes from.

At a glance

M&A and stake sales
24
Equity raises and IPOs
10
JVs and capital platforms
3

Equity and M&A

Who is buying and backing the sector.

M&A and stake sales 24Equity raises and IPOs 10JVs and capital platforms 3
Investments by year and type, one square per entry2016: 1 entry (1 m&a and stake sales)120162017: 2 entries (2 m&a and stake sales)2’172018: 1 entry (1 m&a and stake sales)1’182019: 0 entries’192020: 3 entries (3 m&a and stake sales)3’202021: 2 entries (2 m&a and stake sales)2’212022: 2 entries (2 m&a and stake sales)2’222023: 2 entries (2 m&a and stake sales)2’232024: 2 entries (1 m&a and stake sales, 1 equity raises and ipos)2’242025: 3 entries (1 m&a and stake sales, 2 equity raises and ipos)3’252026: 19 entries (9 m&a and stake sales, 7 equity raises and ipos, 3 jvs and capital platforms)19’26
One square per investment, by year announced and coloured by type. Values are not added together; open any entry below for its terms and source.

Termination fees, outside dates and JV rights in the filed agreements →

All investments

DateInvestmentTypeValueRegion
12 October 2026SWI EUR800m capital increaseEquity raise€800mEurope and US
30 September 2026SoftBank Group acquires DigitalBridgeM&AUS$3.1bnGlobal
29 September 2026Samsung group commits US$1bn to HelixEquity raiseUS$1bnGlobal
17 September 2026Crusoe Series FEquity raiseUS$3.9bnUS
2 September 2026KKR and Singtel buy out ST Telemedia Global Data CentresM&AS$6.6bnAsia-Pacific
2 September 2026CPP Investments and Equinix acquire atNorthM&AUS$2.455bnNordics
1 September 2026Keppel DC REIT acquires Tokyo Data Centres 4 and 5 (Inzai)M&A¥190bnJapan
28 July 2026Meta and BlackRock El Paso data centre joint ventureJV / capital partnershipUS$14bnUS
21 July 2026Aligned Data Centers acquisition by AIP, MGX and GIPM&AUS$40bnUS and Latin America
1 July 2026Together AI Series CEquity raiseUS$800mUS
30 June 2026Realty Income and Cloud Capital hyperscale data centre JVJV / capital partnershipUS$6bnUS
29 June 2026Digital Realty buys Blackstone's stakes in three Northern Virginia data centresStake saleUS$3.5bnUS
10 June 2026KKR launches Helix Digital InfrastructurePlatform launchUS$10bnGlobal
5 June 2026DayOne Series C final closeEquity raiseUS$4.5bnAsia-Pacific and Europe
13 May 2026Blackstone Digital Infrastructure Trust IPOIPOUS$1.75bnUS
28 April 2026I Squared Capital takes a majority stake in Elea Data CentersM&ANot disclosedBrazil
10 March 2026Alphabet acquires Intersect PowerM&AUS$4.75bnUS
26 January 2026NVIDIA buys US$2bn of CoreWeave stockEquity raiseUS$2bnUS
16 January 2026Bain sells Chindata China to HEC-led consortiumM&AUS$4bnChina
3 November 2025Apollo funds acquire a majority stake in Stream Data CentersM&ANot disclosedUS
14 July 2025NTT DC REIT lists in SingaporeIPOUS$773mAsia-Pacific, US and Europe
27 March 2025CoreWeave IPO on NasdaqIPOUS$1.5bnUS
4 September 2024Blackstone and CPP Investments acquire AirTrunkM&AA$24bnAsia-Pacific
13 June 2024Vantage Data Centers raises US$9.2bn equityEquity raiseUS$9.2bnNorth America and EMEA
11 August 2023Bain Capital agrees to take Chindata privateM&AUS$3.16bnChina and Asia-Pacific
11 April 2023Brookfield agrees to buy DATA4M&ANot disclosedEurope
6 December 2022DigitalBridge and IFM take Switch privateM&AUS$11bnUS
25 March 2022KKR and GIP take CyrusOne privateM&AUS$15bnUS and Europe
28 December 2021American Tower acquires CoreSiteM&AUS$10.1bnUS
31 August 2021Blackstone takes QTS privateM&AUS$10bnUS and Europe
5 November 2020EQT Infrastructure acquires EdgeConneXM&ANot disclosedGlobal
8 April 2020Macquarie-led consortium buys 88% of AirTrunkM&AA$3bnAsia-Pacific
12 March 2020Digital Realty completes combination with InterxionM&AUS$8.4bnEurope
24 September 2018Digital Realty and Brookfield acquire AscentyM&AUS$1.8bnLatin America
14 September 2017Digital Realty merges with DuPont FabrosM&AUS$7.6bnUS
1 May 2017Equinix buys 29 Verizon data centresM&AUS$3.6bnUS and Latin America
15 January 2016Equinix acquires TelecityGroupM&AUS$3.8bnEurope

Values are as announced: enterprise value, equity value or committed capital, as each record states. They are not added together and are not counted in the debt register totals.

About this tracker

Public-source research, updated as deals are announced. Methodology · Send a correction.

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