PSP Investments and Ontario Teachers' Pension Plan Board to Acquire Compass Datacenters

Acquisition Data Centers announced United States Jan 29, 2024

USD5500M

Deal Value

Compass Datacenters, LLC

Project

PSP Investments and Ontario Teachers' Pension Plan Board agreed to acquire Compass Datacenters for approximately $5.5 billion. The acquisition will expand their data center portfolio and strengthen their presence in the digital infrastructure sector.

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Counterparts (3)

Buyer

PSP Investments

company · 1 deals

PSP Investments is one of Canada’s largest pension investors, managing assets for the public sector pension plans. They invest across various asset classes globally, including infrastructure, and are committed to sustainable investing and taking action on climate change.

Ontario Teachers' Pension Plan Board

company

Ontario Teachers' Pension Plan Board is a major global investor with a significant focus on infrastructure assets. They invest directly and through partnerships in a wide range of infrastructure sectors, seeking long-term, stable returns to support pension obligations.

Seller

Compass Datacenters

company

Compass Datacenters is a company that designs, builds, and operates data centers. They focus on providing customized, scalable, and secure data center solutions for their clients.

Source Intelligence

KEY DETAILS

Paul, Weiss advised Ontario Teachers’ Pension Plan in its original investment in Compass in 2017. "Paul, Weiss advised Ontario Teachers’ Pension Plan in its original investment in Compass in 2017."

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Announcement

June 20, 2023

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Expected Close

The transaction is expected to close by the end of the year, subject to customary regulatory approvals and other closing conditions.

PARTIES MENTIONED IN SOURCE

Ontario Teachers’ Pension Plan buyer

"Ontario Teachers’ Pension Plan and Brookfield Infrastructure to Acquire Compass Datacenters"

Brookfield Infrastructure L.P. buyer

"Ontario Teachers’ Pension Plan on its acquisition, alongside Brookfield Infrastructure L.P. and its institutional partners, of Compass Datacenters, LLC"

Compass Datacenters, LLC target

"Ontario Teachers’ Pension Plan on its acquisition, alongside Brookfield Infrastructure L.P. and its institutional partners, of Compass Datacenters, LLC"

RedBird Capital Partners seller

"Compass Datacenters, LLC from RedBird Capital Partners and the Azrieli Group."

Azrieli Group seller

"Compass Datacenters, LLC from RedBird Capital Partners and the Azrieli Group."

medium quality Enriched Feb 19, 2026

Timeline

Announced

Jan 29, 2024

Signed

Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Source

www.paulweiss.com

View Full Deal Details

PSP Investments and Ontario Teachers' Pension Plan Board to Acquire Compass Datacenters

Counterparts (3)

Source Intelligence

Timeline

Source

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