The Company’s Expansion in European Data Center Market
The Company has a strong presence in the European data center market, with seven data center assets strategically located in key European markets such as Stockholm, Oslo, Copenhagen, Milan, and Geneva. These data centers cater to the needs of a diverse range of blue-chip enterprise clients, including telecommunications carriers, IT companies, services providers, and financial institutions.
CEO Sherif Rizkalla expressed his excitement about partnering with Apollo to drive the business’s growth as a separate entity. With Apollo’s infrastructure expertise, resources, and support, the Company is well-positioned to capitalize on industry trends and deliver more value to its customers, employees, and stakeholders.
Adam Petrie, a Partner at Apollo, highlighted the growing demand for data center infrastructure and the Company’s unique value proposition in the market. He emphasized the long-term growth potential of high-quality, interconnected colocation businesses like the Company’s and the opportunity to expand its presence across Europe.
John Eland, CEO of STACK EMEA, emphasized the Company’s client-first approach and the establishment of a dedicated enterprise colocation business unit in EMEA. As the Company evolves to focus on hyperscale clients, the transaction solidifies its commitment to hyperscale data center development while ensuring continued support for enterprise colocation clients.
Under the carve-out transaction, the management team and employees of the EMEA colocation business within STACK will transition to the Company, which will undergo rebranding. The focus will shift towards hyperscale development and operations in key EMEA markets, aligning with the Company’s growth trajectory.
The completion of the transaction is subject to certain closing conditions, including regulatory approvals. Latham & Watkins LLP served as legal counsel to the Apollo Funds throughout the process.
Overall, the Company’s expansion in the European data center market signifies a strategic move to capitalize on industry trends and deliver enhanced services to its clients across the region.
