The Firm contains seven information middle property in strategic, extremely interconnected places throughout 5 key European markets – Stockholm, Oslo, Copenhagen, Milan and Geneva – serving the information middle and connectivity wants of a various portfolio of blue-chip enterprise purchasers, together with telecommunications carriers, IT and providers firms and monetary establishments.
Sherif Rizkalla, CEO of the Firm, stated: “We’re delighted to accomplice with Apollo to speed up progress of our enterprise as a brand new, standalone firm. Leveraging Apollo’s experience in infrastructure, important entry to sources and help, we consider we’re terribly well-positioned to capitalize on our trade’s tailwinds and convey much more worth to our clients, staff and different stakeholders.”
Adam Petrie, Accomplice at Apollo, stated: “We’re robust believers within the elementary tailwinds behind the demand for information middle infrastructure. Particularly, we consider high-quality, interconnected colocation companies with differentiated worth propositions just like the Firm’s supply a gorgeous, secular progress alternative for the long-term. We’re very excited to accomplice with Sherif and his workforce in taking this enterprise to the following stage and increasing its presence throughout Europe.”
”A client-first method is on the coronary heart of STACK, which is why we established a devoted enterprise colocation enterprise unit in EMEA final yr,” stated John Eland, Chief Government Officer, STACK EMEA. “The strategic creation of the colocation enterprise unit enabled us to help the specialised necessities of the hyperscale sector, while additionally enabling our colocation specialists to ship solely on the wants of the enterprise sector. As STACK EMEA evolves to focus totally on hyperscale purchasers, this transaction solidifies our dedication to hyperscale information middle growth and operations while our former enterprise colocation purchasers will proceed to obtain the best normal of efficiency and help from devoted specialists.”
As a part of the carve-out transaction, the administration workforce and all staff at present working the EMEA colocation enterprise inside STACK are anticipated emigrate with the Firm, which will likely be re-branded and can now not bear the “STACK Infrastructure” title or brand. STACK will proceed its progress trajectory with a give attention to hyperscale growth and operations throughout key EMEA markets.
The transaction is topic to satisfaction of sure closing situations, together with regulatory approvals.
Latham & Watkins LLP served as authorized counsel to the Apollo Funds.
