EQT and Mubadala come to an agreement over minority stake in GlobalConnect

• GlobalConnect was created in 2019 via the combination of four independent fibre platforms owned by EQT Infrastructure
• EQT Infrastructure has been invested in the group since 2017
• GlobalConnect’s infrastructure carries more than 50 percent of all internet traffic generated in the Nordics, according to EQT

EQT’s Infrastructure III and IV funds have signed an agreement to sell a minority stake in Stockholm-headquartered GlobalConnect to Mubadala Investment Company. GlobalConnect is a fibre-based data communication and data centre services provider to enterprises, public institutions and consumers in northern Europe. EQT Infrastructure will remain as the largest shareholder following the close of the deal.

EQT Infrastructure has been invested in GlobalConnect since 2017. The company as it is known today was created in 2019 through the combination of four independent fibre platforms owned by EQT Infrastructure. GlobalConnect’s infrastructure carries more than 50 percent of all internet traffic generated in the Nordics, according to EQT, and employs approximately 1,800 people.

EQT Infrastructure aims to broaden GlobalConnect’s long-term shareholder base, while drawing on Mubadala’s prior investment experience in data centre and fibre-to-the-home assets across markets.

EQT is a global investor headquartered in Stockholm that was founded in 1994. EQT has an estimated €81 million in assets under management across 36 active funds.

Mubadala Capital is headquartered in Abu Dhabi and manages approximately $16 billion across its own balance sheet investments and in third-party capital vehicles. It invests across a range of sectors and geographies.