Investment firm EQT Infrastructure’s Infrastructure V fund has invested in EdgeConneX, after it was acquired by EQT’s Infrastructure IV fund last year.

EQT Infrastructure’s Infrastructure IV fund acquired EdgeConneX from an investor group led by Providence Equity Partners in August 2020 for an undisclosed fee, though previous rumors of a sale suggested a potential $2.5 billion price tag.

Once the new transaction is complete, EQT said each fund will have an equal ownership stake in the data center firm. The company said the participation of Infrastructure V’s in EdgeConneX will help to capture more opportunities and help execute “EdgeConneX’s full potential plan.”

Since EQT IV acquired EdgeConneX, the company has acquired Israeli data center firm Global Data Center, formed a joint venture with Adani to develop facilities in India, and announced expansion & upgrade plans in Chile, Spain, Ireland, and at existing facilities across the US.

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