Swiss private equity firm Partners Group has agreed to acquire a majority stake in AVK Power Solutions, a UK-based power infrastructure firm for the data center market.
– AVK
Partners said that it intends to invest more than $1 billion of equity, backed by debt financing, to accelerate AVK’s expansion. The influx of capital seeks to expand AVK’s microgrid offering for the data center market.
AVK CEO Ben Pritchard will continue in his position following the deal, with much of the executive team still in place.
“Speed-to-power is now a defining opportunity for European data center operators. Our new partnership with Partners Group will allow us to meet our customers exactly where the market demands,” said Pritchard.
