Apollo Global to acquire European colocation business of Stack Infrastructure

Apollo announced that Apollo-managed infrastructure funds have agreed to acquire the European colocation business developed and managed by Stack Infrastructure, a portfolio company of Blue Owl Digital Infrastructure Advisors in a carve-out transaction. The company comprises seven data center assets in interconnected locations across five key European markets – Stockholm, Oslo, Copenhagen, Milan and Geneva – serving the data center and connectivity needs of a portfolio of blue-chip enterprise clients, including telecommunications carriers, IT and services companies and financial institutions. As part of the carve-out transaction, the management team and all employees currently operating the EMEA colocation business within Stack are expected to migrate with the company, which will be re-branded and will no longer bear the “STACK Infrastructure” name or logo. Stack will continue its growth trajectory with a focus on hyperscale development and operations across key EMEA markets. The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals.