Deals Counterparts

Brookfield Infrastructure Completes Acquisition of Compass Datacenters

Acquisition Data Center announced United States Dec 18, 2024
Compass Datacenters
Project

Brookfield Infrastructure Partners has completed its acquisition of Compass Datacenters. The deal expands Brookfield's data center portfolio.

Source Intelligence

KEY DETAILS

Brookfield Infrastructure will acquire a co-controlling stake in Compass Datacenters for $1.35 billion. Goldman Sachs & Co. LLC and Guggenheim Securities, LLC served as joint financial advisors to Compass and RedBird on the transaction. Deutsche Bank Securities Inc. also served as debt financing advisor. Brookfield Infrastructure engaged BMO Capital Markets and Scotiabank as joint financial advisors and Kirkland & Ellis LLP as legal counsel. TD Securities is serving as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Ontario Teachers?. Fried, Frank, Harris, Shriver & Jacobson LLP and Wick Phillips, LLP served as legal counsel to Compass. DLA Piper served as legal counsel to Compass Management. Fried Frank served as legal counsel to RedBird. Kim Hicks, P.C, Kate Rainey Willson Roald Nashi, P.C.; Gregory D. Howling; David Wheat, P.C.; Joseph Tootle; Stephen I. Brecher of Kirkland & Ellis LLP acted as legal advisor to Brookfield Infrastructure Partners L.P. (NYSE:BIP).

Deal Size
Brookfield Infrastructure Partners L.P. and Ontario Teachers' Pension Plan Board entered into an agreement to acquire Compass Datacenters, LLC from RedBird Capital Partners LLC and Azrieli Group Ltd for $1.4 billion on June 20, 2023.
Financials
Brookfield Infrastructure Partners will acquire a co-controlling stake in Compass Datacenters for $1.35 billion, including Brookfield Infrastructure Partners L.P.?s equity of approximately $375 million.
Announcement
Brookfield Infrastructure Partners L.P. and Ontario Teachers' Pension Plan Board entered into an agreement to acquire Compass Datacenters, LLC from RedBird Capital Partners LLC and Azrieli Group Ltd for $1.4 billion on June 20, 2023.
COD
Brookfield Infrastructure Partners L.P. and Ontario Teachers' Pension Plan Board completed the acquisition of Compass Datacenters, LLC from RedBird Capital Partners LLC and Azrieli Group Ltd on October 3, 2023.
Expected Close
The transaction is expected to close by year end.
PARTIES MENTIONED IN SOURCE
B
Brookfield Infrastructure Partners L.P. buyer

"Brookfield Infrastructure Partners L.P. and Ontario Teachers' Pension Plan Board completed the acquisition of Compass Datacenters, LLC from RedBird Capital Partners LLC and Azrieli Group Ltd."

O
Ontario Teachers' Pension Plan Board buyer

"Brookfield Infrastructure Partners L.P. and Ontario Teachers' Pension Plan Board completed the acquisition of Compass Datacenters, LLC from RedBird Capital Partners LLC and Azrieli Group Ltd."

C
Compass Datacenters, LLC target

"Brookfield Infrastructure Partners L.P. and Ontario Teachers' Pension Plan Board completed the acquisition of Compass Datacenters, LLC from RedBird Capital Partners LLC and Azrieli Group Ltd."

R
RedBird Capital Partners LLC seller

"Brookfield Infrastructure Partners L.P. and Ontario Teachers' Pension Plan Board completed the acquisition of Compass Datacenters, LLC from RedBird Capital Partners LLC and Azrieli Group Ltd."

A
Azrieli Group Ltd seller

"Brookfield Infrastructure Partners L.P. and Ontario Teachers' Pension Plan Board completed the acquisition of Compass Datacenters, LLC from RedBird Capital Partners LLC and Azrieli Group Ltd."

high quality Enriched Feb 19, 2026

Timeline

Announced
Dec 18, 2024
Signed
Closed

Market Context

This deal is part of the Data Center sector in United States.
40
Data Center deals
565
deals in United States
1 of 40 Data Center deals tracked this month · Updated daily

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