TPG Negotiates $5 Billion Acquisition of Ark Data Centres

TPG is negotiating the acquisition of Ark Data Centres, a British data centre group, from Elliott Investment Management. The potential deal is valued at approximately $5 billion.

Ark Data Centres operates Crown Hosting Data Centres, a joint venture with the United Kingdom Government’s Cabinet Office. This partnership provides the company with access to all public data centre requirements across the United Kingdom.

Elliott Investment Management acquired Ark in 2012. The firm had previously explored strategic options for the unit in a sale estimated to fetch over $4 billion. While discussions are currently ongoing, a final agreement is not yet guaranteed.