GlobalConnect

Overview

GlobalConnect is a data center and managed services provider, offering colocation, hosting, cloud and other IT services.

GlobalConnect A/S was owned by multiple shareholers, including founding Zibrandtsen family and the founder of Zibra A/S until EQT Infrastructure acquisition in the end of 2016. Zibrandtsen family is understood to own 20% of the shares to date.

IP-Only was a Swedish wholesale and enterprise focused data communications supplier. In 2013, it was acquired by EQT Mid Market and EQT Mid Market Europe then it grew to become a leading provider of high capacity fiber-based data communication and data centre services in Sweden. In 2019 July, the company was acquired by EQT Infrastructure for an enterprise value of SEK 18.25billion (EUR 1.7 billion) plus an earn-out of up to SEK 1 billion. All three companies are umbrella companies of private equity group EQT Partners.

In 2018, GlobalConnect merged with Norwegian Broadnet.

In November 2019, a merge of IP-Only and Danish-Norwegian company GlobalConnect has been announced.

In September 2020, GlobalConnect/IP-Only changed its name to GlobalConnect. To date, the company has a total of 30,000sqm of data centre space across Denmark, Norway, Sweden and Northern Germany.

IP-Only brand continue operating in Sweden as fiber-to-the-home consumer business.

In second half of 2020, GlobalConnect Group launched another business division called GlobalConnect Carrier. The aim of the business is to target hyperscalers, carriers and system integrators.

In Q3 2022, Abu-Dhabi based Mubadala Investment Company acquired a minority stake in GlobalConnect. Although the purchase price was not disclosed, the deal was speculated to value business between 7 to 10 million euros including debt.

In Q4 2022, Rejlers won the project to assist GlobalConnect in migration of data after the acquisition of Open Universe and Telenor Sweden early in 2022.

From January 19th, 2023, IP-Only brand name disappeared, business was renamed to GlobalConnect.

In June 2023, Pantheon Infrastructure (PINT) $25 million in GlobalConnect. The funding will be conducted through a co-investment vehicle managed by EQT AB Group. PINT is a UK-based investment company focusing on infrastructure including data centers, fiber networks, towers, power and utilities, transport and logistics, and renewable energy sources.