EQT To Sell Minority Stake In EdgeConneX To Sixth Street
(RTTNews) - EQT Corp. (EQT), a Swedish investment company, announced on Tuesday that EQT Infrastructure IV and EQT Infrastructure V funds have signed a deal to sell a minority stake in EdgeConneX to funds managed by Sixth Street Specialty Lending, Inc. (TSLX).
Upon the completion of the transaction, which is expected in the fourth-quarter of 2024, EQT Infrastructure will remain the largest shareholder.
EdgeConneX is a provider of data center capacity with a focus on energy-efficient and sustainable designs optimized for AI and large-scale cloud deployments. It has a global footprint of 80 data centers in operation or development in over 50 markets across North America, Europe, APAC, and South America.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.