Apollo Funds Acquires European Colocation Business from STACK Infrastructure

Deal News | Apr 29, 2025 | Globenewswire

Apollo Funds Acquires European Colocation Business from STACK Infrastructure

Apollo Global Management has announced an agreement for its infrastructure funds to acquire European colocation data centers from STACK Infrastructure, a company under Blue Owl Digital Infrastructure Advisors LLC. This carve-out transaction encompasses seven strategically located data centers in Sweden, Norway, Denmark, Italy, and Switzerland. The acquisition aims to leverage Apollo's resource pool to enhance the company's growth trajectory in the data center market amidst growing demand. The existing management team will transition with the business, which will rebrand away from the STACK name. This strategic divestment aligns with STACK's renewed focus on hyperscale data center clients. The completion of the transaction is pending regulatory approval. Legal advisement for Apollo was provided by Latham & Watkins LLP.

Sectors

  • Digital Infrastructure
  • Private Equity
  • Real Estate

Geography

  • United States – Apollo Global Management is based in the U.S., and STACK Infrastructure also operates globally from the U.S.
  • Europe – The transaction is specifically focused on data center assets across key European markets.

Industry

  • Digital Infrastructure – The article discusses a transaction involving data centers, which are critical components of digital infrastructure.
  • Private Equity – Apollo, a private equity firm, is the acquiring entity in the transaction.
  • Real Estate – STACK Infrastructure and Blue Owl Digital Infrastructure manage real estate assets within the infrastructure sector.

Financials

  • Approximately $751 billion – Apollo's assets under management as of December 31, 2024.
  • Approximately $14.2 billion – Assets under management by BODI as of December 31, 2024.
  • $251.1 billion – Blue Owl's assets under management as of December 31, 2024.

Participants

NameRoleTypeDescription
Apollo Global Management, Inc.BuyerCompanyA global alternative asset manager acquiring the European colocation business.
STACK InfrastructureSelling Company (Vendor)CompanyThe company divesting its European colocation business.
Blue Owl Digital Infrastructure Advisors LLC (BODI)Owner (Parent of Vendor)CompanyManages STACK Infrastructure and focuses on digital infrastructure investments.
Sherif RizkallaCEO of the Target CompanyPersonCEO of the colocation business being acquired by Apollo.
John ElandCEO of STACK EMEAPersonLeader at STACK focusing on its strategic focus shift to hyperscale clients.
Latham & Watkins LLPLegal AdvisorCompanyProvided legal counsel to Apollo for this transaction.