IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
Read more
Blackstone will be hoping to have the luck of the Irish on their side as they look to acquire a controlling stake in Winthrop Technologies for what is believed to be around GBP700 million.
The privately owned Irish company is a leading constructor of data centers in Europe, where it has applied its expertise to design and build turnkey solutions in Germany, Ireland, the Netherlands and Sweden. This latest deal will help Blackstone, already one of the world’s largest real estate investors, become the “center of attention” as it ramps up its data center investment activity. The AI revolution is driving demand for these facilities, as companies need ever more computing power to run next-gen solutions. This could be a “Win-win” situation for Blackstone and Winthrop, as the data center mega-trend continues to build.
