IPI is a private equity firm that invests in data centres, technology and connectivity-related real assets and is co-sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC.
ACDC’s subsidiary, SUPERNAP, represents IPI’s first investment in Europe. Under its new partnership with IPI, SUPERNAP said that the acquisition and its development expertise will enable the company to drive scale to help tenants meet their digital infrastructure needs.
SUPERNAP said its efforts will be focused on multiple markets throughout Europe, including the company’s home market of Milan.
“We are proud of the great progress that we have made in establishing our market presence and demonstrating our ability to meet the capacity needs of some of the world’s leading technology companies,” said Sherif Rizkalla, CEO of SUPERNAP.
“IPI is an ideal partner to help us advance our hyperscale deployments, in Italy and throughout Europe, and to accelerate our growth plans.”
SUPERNAP will undergo a strategic rebranding later in 2021. As part of the acquisition, the company held a shareholders’ meeting and appointed a new board of directors composed of the following members: Matt A’Hearn (Chairman), Lauren Sullivan, Josh Friedman, and Sherif Rizkalla.
“SUPERNAP has an established leadership team that we’ve followed as they’ve fostered strong relationships with a distinguished tenant base and built a track record of developing and operating world-class data centres,” said Matt A’Hearn, Partner at IPI.
“We see this as a great opportunity in Europe, a market that we believe will continue to experience significant growth.
“In connection with this investment, IPI also plans to commit resources to execute on the opportunities resident in the expansion capacity within and around SUPERNAP’s existing campus. We look forward to working with Sherif and his team.”
