AMP Capital’s fourth infrastructure debt fund has financed Northern Europe data centre services firm GlobalConnect.
GlobalConnect, created from the merger of GlobalConnect and IP-Only by EQT, operates 74,500km of fibre and 28,000sqm of data centre space in Norway, Denmark and Sweden with a foothold in Finland and Germany.
AMP Capital said the restructuring of the junior debt by AMP Capital Infrastructure Debt Fund IV (IDF IV) has been closed, including the novation of a prior IDF IV investment with IP-Only to the group level combined with additional commitments to support the growth of the group.
Emma Haight-Cheng, head of infrastructure debt, Europe at AMP Capital, said: “EQT’s merger of two high-quality businesses created an excellent opportunity for IDF IV to increase its exposure to a critical and growing infrastructure sector in a stable and well-regarded geographic area, while offering attractive economics in return.”
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