Gi Partners Announces The Acquisition Of A Majority Interest In A Hyperscale Data Center Portfolio In The Midwest From Digital Realty Trust

Jul 17, 2023•about 2 years ago

Acquiring Company

GI Partners

Acquired Company

Majority Interest

San FranciscoFinancial ServicesInformation TechnologyReal Estate

Description

GI Partners, a leading private alternatives investment firm, has announced the acquisition of a 65% interest in the ownership of two hyperscale data centers in Elk Grove Village, IL in partnership with Digital Realty Trust (NYSE: DLR). GI Partners is making the investment on behalf of its Essential Tech + Science Fund (GI Partners ETS Fund LP, the "ETS Fund"), the firm's open-ended core-plus fund. The properties are over 90% occupied, primarily by investment-grade customers, and provide significant connectivity both to the Midwest region and nationally.

Company Information

Company

GI Partners

Location

San Francisco, California, United States

About

Founded in 2001, GI Partners is a private investment firm based in San Francisco, California. The firm has raised over $28 billion in capital from leading institutional investors around the world to invest in its private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the Healthcare, IT Infrastructure, Services, and Software sectors. The real estate team invests across a broad range of platforms and strategies. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed