Key Takeaways
- • Elliott Management is in talks to sell UK-based Ark Data Centres to US private capital group TPG in a deal valued at approximately $5bn, according to the Financial Times.
- • Elliott first invested in Ark in 2012 and holds a majority stake in the business, which operates 27 data centres across the UK and Belgium.
- • A deal at the proposed valuation would rank among the five largest global data centre acquisitions this year, according to Synergy Research Group.
- • Global data centre deal activity reached $89.4bn in 2026, already 50% above the total recorded in 2025.
- • Discussions remain ongoing and there is no guarantee of an agreement.
Summary
Elliott Management is in talks to sell Ark Data Centres, the UK-based data centre operator, to TPG in a transaction valued at approximately $5bn, according to a report by the Financial Times. The deal would represent a potentially significant return on an investment Elliott made more than a decade ago. Discussions are ongoing, and no agreement is guaranteed.
Elliott first invested in Ark in 2012 and holds a majority stake in the company. Ark operates 27 data centres across the UK and Belgium and provides infrastructure services to government agencies and major technology companies.
According to Synergy Research Group, a transaction at the proposed valuation would rank among the five largest global data centre acquisitions this year. Global data centre deal activity has reached $89.4bn in 2026, already exceeding the total recorded in 2025 by 50%, driven by accelerating demand for digital infrastructure supporting artificial intelligence and cloud computing.
TPG has expanded rapidly into digital infrastructure through its real estate investment platform, entering the data centre sector in 2019. The firm has also increased its exposure to AI-related businesses, including its investment in cloud infrastructure provider Crusoe. For Elliott, a sale would mark a substantial realisation of a long-held position, reflecting sharp increases in data centre valuations as institutional capital flows into the sector.
Elliott first invested in Ark in 2012 and holds a majority stake in the company. Ark operates 27 data centres across the UK and Belgium and provides infrastructure services to government agencies and major technology companies.
According to Synergy Research Group, a transaction at the proposed valuation would rank among the five largest global data centre acquisitions this year. Global data centre deal activity has reached $89.4bn in 2026, already exceeding the total recorded in 2025 by 50%, driven by accelerating demand for digital infrastructure supporting artificial intelligence and cloud computing.
TPG has expanded rapidly into digital infrastructure through its real estate investment platform, entering the data centre sector in 2019. The firm has also increased its exposure to AI-related businesses, including its investment in cloud infrastructure provider Crusoe. For Elliott, a sale would mark a substantial realisation of a long-held position, reflecting sharp increases in data centre valuations as institutional capital flows into the sector.
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