Novacap and H5 Data Centers Announce Formation of Joint Venture
Novacap, a leading North American private equity firm, and H5 Data Centers, one of the United States’ largest privately-owned data center operators, are pleased to announce the formation of a joint venture focused on delivering advanced data center solutions across North America.
The joint venture will prioritize the development and repositioning of strategically located facilities to meet the growing demand for scalable, high-quality colocation space. The facilities aim to provide robust infrastructure, enhanced connectivity options, and industry-leading security features to enterprise and hyperscale customers.
Ted Mocarski, Senior Partner and Head of Digital Infrastructure at Novacap, says :
As we reach a critical juncture for power and compute, we are excited to partner with the H5 team to bring critical capacity online in key markets across the country,
Josh Simms, CEO at H5 Data Centers, emphasizes :
Data center projects continue to rapidly grow in scale, and we look forward to partnering with Novacap to deliver incredible data centers to support our customers’ significant IT infrastructure needs,
The joint venture with H5 Data Centers is Novacap’s fourth investment within its Digital Infrastructure platform and represents its continued commitment to building a diversified portfolio across the digital landscape.
Choate, Hall & Stewart LLP acted as legal advisor to Novacap. Hogan Lovells LLP acted as legal advisor to H5 Data Centers.
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Novacap and H5 Data Centers Announce Formation of Joint Venture, source