How much did Blackstone pay to acquire majority stake in Winthrop?

Blackstone Acquires Majority Stake in Irish Data Centre Company Winthrop

In a move that underscores the growing importance of Ireland’s tech sector, global investment giant Blackstone has acquired a controlling stake in Irish data centre specialist Winthrop Technologies.

Strategic Partnership for Growth

The transaction, which values Winthrop at over €800 million, sees Blackstone taking a 50.7% stake in the company. The remaining shares will continue to be held by existing shareholders, including founder Barry English and CEO Anne Dooley.

Dooley welcomed the partnership with Blackstone, stating, “This collaboration marks a new era of growth for Winthrop Technologies. Blackstone’s global reach and expertise in the tech sector will be invaluable as we expand our operations and services.”

Winthrop’s Success Story

Founded in 2008, Winthrop has become a leading provider of data centre and cloud services in Ireland and the UK. The company operates three data centres in Dublin and has ambitious plans for further expansion.

• Winthrop’s data centres house critical IT infrastructure for over 1,000 customers, including multinational tech giants and local businesses.
• The company’s commitment to sustainability has earned it the ISO 14001 certification, demonstrating its focus on environmental stewardship.

Blackstone’s Tech Sector Focus

Blackstone’s investment in Winthrop is a testament to its bullish outlook on the global tech sector, which has been a key driver of economic growth in recent years.

“Data centres are the backbone of the digital economy, and Winthrop has established itself as a trusted provider in a rapidly growing market,” said Blackstone’s Managing Director, John Gray.

“We are excited to partner with Winthrop’s experienced management team and support the company’s ambitious growth plans.”

Implications for Ireland’s Tech Sector

The Blackstone acquisition of Winthrop is seen as a positive development for Ireland’s tech sector, further strengthening its position as a hub for international investment.

It signals that Ireland continues to attract major players in the global tech landscape, highlighting the country’s skilled workforce, pro-business environment, and commitment to innovation.

Looking Ahead

With Blackstone’s support, Winthrop Technologies is poised for further growth and expansion. The investment will enable the company to enhance its infrastructure, invest in new technologies, and explore acquisitions.

The partnership is expected to create new jobs and opportunities in the tech sector in Ireland, solidifying the country’s place as a global leader in data centre and cloud services.