Novacap and H5 Data Centers Form Joint Venture for Advanced Solutions
Deal News | Jan 15, 2025 | Nova Capital Management
Novacap, a prominent North American private equity firm, has announced a joint venture with H5 Data Centers, one of the largest privately-owned data center operators in the U.S., to focus on advancing data center solutions across the continent. This collaborative initiative aims to develop and repurpose strategically located facilities to cater to the increasing demand for scalable and high-quality colocation spaces. The facilities are designed to offer robust infrastructure, better connectivity choices, and top-tier security features to enterprise and hyperscale clients. The partnership is part of Novacap's strategic push within its Digital Infrastructure platform and denotes their commitment to diversifying their portfolio in the digital space. The venture represents Novacap's fourth investment in this domain, highlighting their focus on innovation and growth. Legal advisory services were provided to Novacap by Choate, Hall & Stewart LLP, and to H5 Data Centers by Hogan Lovells LLP.
Sectors
- Digital Infrastructure
- Private Equity
Geography
- North America – The joint venture is set to deliver data center solutions across North America, indicating the region's relevance to the operations and strategic goals of the involved parties.
- United States – H5 Data Centers is one of the largest privately-owned data center operators in the U.S., indicating the geographical focus of their operations.
- Canada – Novacap is a prominent private equity firm based in Canada, reflecting its influence and operations in the region.
Industry
- Digital Infrastructure – This industry pertains to the development and operation of large-scale data centers and other facilities essential for digital communication and storage. The joint venture between Novacap and H5 Data Centers focuses on delivering advanced data center solutions.
- Private Equity – This sector involves investment firms that acquire equity ownership in companies. Novacap is a leading player in this field, reflecting its strategy and investments through the formation of the joint venture.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Novacap | Private Equity Firm | Company | A leading North American private equity firm with a focus on Digital Infrastructure, among other sectors. |
| H5 Data Centers | Data Center Operator | Company | One of the largest privately-owned data center operators in the United States, managing significant data center space. |
| Choate, Hall & Stewart LLP | Legal Advisor | Company | Provided legal advisory services to Novacap for the joint venture. |
| Hogan Lovells LLP | Legal Advisor | Company | Acted as legal advisor to H5 Data Centers in the joint venture formation. |