Apollo Global Management has agreed to acquire the European colocation business developed by STACK Infrastructure, enhancing its presence in the growing data center market across key European cities.

Overview of the Target

The target of this acquisition is the European colocation business, which is being developed and managed by STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure Advisors LLC (BODI). This Company operates seven data center facilities strategically located across five key European markets: Stockholm, Oslo, Copenhagen, Milan, and Geneva. These locations are specifically chosen for their high interconnectivity and are designed to meet the data center and connectivity needs of a diverse range of blue-chip enterprise clients, including telecommunications carriers, IT services companies, and financial institutions.

In light of this transaction, Sherif Rizkalla, CEO of the Company, expressed enthusiasm about partnering with Apollo to accelerate growth as a new, standalone entity. Leveraging Apollo's substantial infrastructure expertise and extensive resources, the Company aims to position itself optimally to seize industry growth opportunities and enhance value for stakeholders.

Industry Overview in Europe

The European data center market has been experiencing substantial growth, driven by the relentless demand for digital infrastructure and services. With an increasing reliance on cloud computing, big data analytics, and the Interne