Tech

Blackstone acquires majority stake in Irish data centre company Winthrop

Sources have told the Business Post the transaction values Winthrop at more than €800 million

Anne Dooley, Winthrop Technologies chief executive, said: ‘The partnership with Blackstone marks a new era of growth’

US private equity giant Blackstone Group has acquired a controlling stake in Irish data centre business Winthrop Technologies for an undisclosed sum.

While no details pertaining to the deal have been publicly disclosed, sources said the transaction values Winthrop at more than €800 million.

Under the deal, Blackstone is acquiring a 50.7 per cent stake in Winthrop with the remainder of the shares held between the existing shareholders; Barry English, its founder; Anne Dooley, its ...