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Echelon Data Centres Owner Considers Sale, Sources Say — Bloomberg
Investing.com - According to Bloomberg, the owner of Dublin-based Echelon Data Centres is considering various options, including selling part or all of its equity.
Sources say that Starwood Capital Group and Echelon founder and CEO Niall Molloy are conducting a strategic review of the business. They also mentioned that Deutsche Bank AG and Eastdil Secured LLC are assisting with the preparations.
The sources added that the owner may seek a valuation of up to €4.5 billion ($5.2 billion). Some sources indicated that the final valuation will depend on the delivery of ongoing projects.
The sources said that the sale process could be initiated within the next few weeks. They noted that discussions are still ongoing, and the owner may decide to hold the asset longer.
Echelon is headquartered in Dublin and owns a portfolio of data center campuses in Europe and North America, with a capacity of over 700 MW. The company plans to develop an additional 1.5 GW of capacity at new locations over the next five years.
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