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Pioneer Point Partners LLP (“Pioneer”) is pleased to announce it has successfully achieved its seventh exit, from Echelon Data Centres Limited (“Echelon”), a leading independent data centre developer and operator in Ireland.

Pioneer, together with Davidson Kempner (“DK”), entered into partnership with Echelon in March 2020, with the investment focussed on the delivery of the energy infrastructure required for the data centres.

At the time of Pioneer’s investment in 2020, Echelon had developed the Clondalkin site (up to 90MW) and Arklow site (up to 100MW) which would be among the largest data centres in Ireland once operational. Both data centres are in strategically important locations. The platform subsequently scaled to four sites at the time of exit.

Pioneer’s stake in Echelon was exited to Starwood Capital as part of an equity and debt transaction that valued Echelon at an Enterprise Value of approximately €2.5bn.