Apollo Funds Acquires European Colocation Business from STACK Infrastructure
Deal News | Apr 29, 2025 | Apollo
Apollo Global Management, through its infrastructure funds, has agreed to acquire the European colocation business from STACK Infrastructure in a carve-out deal, signifying a strategic expansion in the data center market. This transaction involves seven data centers located in key European cities including Stockholm, Oslo, Copenhagen, Milan, and Geneva, catering to a diverse portfolio of enterprise clients. The partnership with Apollo, known for its resource-rich infrastructure expertise, aims to leverage the growing demand in the data center sector, transforming the acquired unit into a standalone, rebranded entity. STACK Infrastructure, on the other hand, will refocus on hyperscale client development. The deal awaits regulatory approvals and involves the migration of existing management and employees to the new business. This acquisition is indicative of the strong competitive pressures and strategic alignments in the rapidly evolving digital infrastructure landscape.
Sectors
- Digital Infrastructure
- Private Equity
Geography
- Europe – The transaction involves data centers located in key European cities, namely Stockholm, Oslo, Copenhagen, Milan, and Geneva, highlighting the geographical focus on Europe.
- United States – Apollo, the acquiring PE firm, is based in the U.S., indicating the international scope of the transaction.
Industry
- Digital Infrastructure – The acquisition centers around data center assets, part of the digital infrastructure sector, underscoring the strategic need for robust tech and connectivity solutions.
- Private Equity – Apollo, a private equity firm, is the acquiring entity in the transaction, showcasing the role of PE in shaping digital infrastructure investments.
Financials
- $751 billion – Assets under management by Apollo as of December 31, 2024.
- $14.2 billion – Assets under management by BODI as of December 31, 2024.
- $251.1 billion – Assets under management by Blue Owl as of December 31, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apollo Global Management | Acquirer | Company | A global alternative asset manager known for its diverse investment strategies. |
| STACK Infrastructure | Seller | Company | Provides digital infrastructure solutions, selling its European colocation business in this transaction. |
| Blue Owl Digital Infrastructure Advisors LLC | Parent Company of Seller | Company | Part of Blue Owl, focusing on investments in digital infrastructure. |
| Sherif Rizkalla | CEO of Target | Person | CEO of the acquired business unit, leading the transition to a standalone entity. |
| Adam Petrie | Partner at Apollo | Person | Expressed strategic vision regarding the acquisition. |
| John Eland | CEO of STACK EMEA | Person | Led the colocation business unit at STACK. |
| Latham & Watkins LLP | Legal Advisor | Company | Provided legal counsel to Apollo Funds in this transaction. |