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Goldman Sachs subsidiary to buy Canadian data centre developer QScale in tandem with founders

GS
Private Markets & VentureTechnology & InnovationInfrastructure & DefenseM&A & RestructuringArtificial Intelligence

Goldman Sachs’s Alternatives arm is buying Canadian data centre developer QScale alongside its founders, supporting an expansion plan potentially worth billions. The deal underscores continued investor appetite for AI- and cloud-related infrastructure assets. While no valuation or transaction size was disclosed, the move is constructive for the data centre and digital infrastructure theme.

Analysis

Goldman Sachs’s Alternatives arm is buying Canadian data centre developer QScale alongside its founders, supporting an expansion plan potentially worth billions. The deal underscores continued investor appetite for AI- and cloud-related infrastructure assets. While no valuation or transaction size was disclosed, the move is constructive for the data centre and digital infrastructure theme.

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