Partners Group Takes $1 Billion Stake in Backup Power Firm AVK

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessPartners Group Takes $1 Billion Stake in Backup Power Firm AVKThe Swiss private equity firm Partners Group has agreed to buy a majority stake in AVK Power Solutions, a UK-based company that builds power solutions for data centers, starting with an initial investment of more than $1 billion.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — The Swiss private equity firm Partners Group has agreed to buy a majority stake in AVK Power Solutions, a UK-based company that builds power solutions for data centers, starting with an initial investment of more than $1 billion. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe investment, in combination with debt financing accompanying the deal, will help fund AVK’s ambitions to expand internationally, Partners Group managing director Nicholas Pepper said in an interview. AVK’s management team will retain a minority stake. AVK supplies backup electricity generators, microgrids and other power solutions for data centers, a line of business that has benefited from a trillion-dollar, worldwide buildout of the type of computing necessary to power artificial intelligence systems. The private equity world has poured hundreds of billions of dollars’ worth of investments into the digital infrastructure boom. Partners Group recently held a final, $15 billion close on a fund aimed at infrastructure investments. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSecuring energy for data centers is already an established business in the US, but is still a growth opportunity in Europe, Pepper said, adding that exposure to power supply is attractive because it remains a bottleneck for data center development. Oaktree-backed data center developer Pure Data Centres Group recently announced Europe’s first large-scale data center project powered by an on-site microgrid in Dublin.“Our new partnership with Partners Group will allow us to meet our customers exactly where the market demands,” Ben Pritchard, chief executive officer of AVK said in a statement. Partners Group’s new infrastructure fund is more than 40% committed and includes other data center-focused power companies such as Life Cycle Power in the US, as well as Singapore-based data center platform Digital Halo, according to the firm. While AKV’s services are not limited to data centers, the investment is a “play on the long-term view of broader growth of the digital economy,” Pepper said. This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.