Investment firm Brookfield is said to be considering a minority sale in European data center operator Data4.
At the same time, InfraVia Capital Partners is reporting mulling a potential sale of Swiss data center operator Green.
In Australia, the Queensland Investment Corporation is reportedly interested in buying local operator iseek from current owner Amber Infrastructure.
Brookfield looks to sell stake in Data4
Bloomberg reports that investment firm Brookfield Infrastructure Partners is weighing a minority stake sale in some of the assets of French Data4.
Citing people with knowledge of the matter, the news outlet said Brookfield is reportedly working with Citigroup on seeking investors for Data4’s stabilized assets – alleged to be valued at around €3.5 billion ($3.8 billion).
The companies declined to comment, and Brookfield may still decide against a deal.
Established in 2006 by Colony Capital (now DigitalBridge) and owned by Brookfield since April 2023, Data4 currently operates around 30 data centers in France, Italy, Spain, Poland, and Luxembourg. The company is also developing a former army barracks in Hanau, Germany, that could reach 200,000 sqm (2.1 million sq ft) and 180MW, and is planning a new campus in Milan, Italy.
Brookfield acquired Data4 from Axa IM – the deal was said to be valued at around $3.8bn.
Switzerland’s Green on the market?
Bloomberg also reports French private equity firm InfraVia Capital Partners is considering a sale of Swiss data center operator Green.
Again citing unnamed people familiar with the matter, InfraVia is reportedly working with advisers on the potential divestment, which could value the company at about €1 billion ($1.1 billion).
The companies declined to comment and InfraVia could still decide against a deal.
InfraVia acquired the company from Altice in 2017 for around $217 million.
Founded in 1995, Green has four campuses in operation and development around the Zurich area. The Zurich Metro campus will eventually span three buildings (M, N, and O) on a 46,000 sqm (495,150 sq ft) site: construction on the first data center – M – began in early 2021 and officially went into operation in January 2023. Work on the other two buildings started last year.
Zurich West will also build out to three facilities across 10,000 sqm (107,650 sq ft); Zurich City is an underground facility the company acquired in 2016 offering 3,200 sqm (34,450 sq ft), and Zurich North is a two-story facility spanning 1,000 sqm (10,750 sq ft).
Queensland government fund interested in buying iseek
In Australia, the Australian reports that the Queensland Investment Corporation (QIC) is in the running to acquire local data center firm iseek.
QIC is a Government-owned investment company owned by the Queensland Government, it has investments in real estate and infrastructure, including offices, shopping centers, airports, hospitals, and ports. It was reportedly a bidder in Global Switch earlier this year.
Founded in 1998, Aussie operator iseek has data centers in Brisbane, Northern Queensland, Sydney, and Adelaide.
Amber Infrastructure bought a majority share in the company in 2021 for around $150m. Reports surfaced in March of this year that the investment firm was seeking a capital partner for iseek – the investment firm is reportedly seeking around AU$400 million ($266.5m) for the operator.
iseek acquired Australian data center operator YourDC, including its data centers in Adelaide, in 2022. YourDC's founder Scott Hicks now leads the combined businesses, having taken over as CEO in February 2024.
Amber Infrastructure Group specializes in international infrastructure investments, such as digital infrastructure including fiber and data centers.
Amber also has a majority interest in Greenergy Data Centers, which has a data center in Estonia and plans to develop more locations across the Three Seas region.
