Infrastructure
Scaling AI-ready data center infrastructure in Canada
Powering the next phase of AI infrastructure through data center expansion
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| Sector | Infrastructure |
| Sub-sector | Digital infrastructure |
| Location | Americas |
Opportunity
As AI adoption drives a step-change in global compute requirements, hyperscale operators and enterprises are increasingly seeking large-scale, sustainable and jurisdictionally secure data center capacity.
At the same time, sovereign AI requirements are gaining momentum, driving the importance of domestically anchored data storage infrastructure platforms.
Goldman Sachs Alternatives, a private asset investor, identified a compelling opportunity to expand its exposure to next-generation digital infrastructure amid accelerating demand for artificial intelligence and high-performance computing.
Against this backdrop, it identified the acquisition of QScale, a Canadian developer and operator of AI-ready data centers, to establish and scale a platform positioned to meet these evolving infrastructure needs.
Approach
Macquarie Capital leveraged its digital infrastructure industry expertise, M&A execution capabilities, and debt advisory experience to support Goldman Sachs Alternatives on its acquisition of QScale.
Macquarie Capital’s integrated advisory platform and experience across global infrastructure markets position it to support clients pursuing opportunities in AI-driven digital infrastructure.
Outcome
Supported by Macquarie Capital’s strategic advisory efforts, Goldman Sachs Alternatives successfully acquired QScale in partnership with its founders and management team, who remain invested in and continue to lead the business.
The acquisition represents a milestone investment in the Canadian data center market and reinforces Goldman Sachs Alternatives’ conviction in digital infrastructure and AI-driven compute. With access to additional capital and global expertise, QScale is well-positioned to accelerate its development pipeline and expand its footprint across Canada to meet increasing demand.
This transaction highlights Macquarie Capital’s market-leading M&A advisory capabilities in the North American digital infrastructure sector and underscores its role in supporting clients pursuing complex, high-growth opportunities driven by structural trends such as artificial intelligence.
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