Mr. Sam Pollock reports

BROOKFIELD INFRASTRUCTURE AND ONTARIO TEACHERS' TO ACQUIRE COMPASS DATACENTERS FROM REDBIRD CAPITAL PARTNERS AND AZRIELI GROUP

Brookfield Infrastructure Partners LP and its institutional partners and existing investor Ontario Teachers' Pension Plan have entered into a definitive agreement with RedBird Capital Partners and the Azrieli Group through which Brookfield Infrastructure and Ontario Teachers' will acquire Compass Datacenters LLC. Founder and chief executive officer Chris Crosby and the current Compass management team will continue to lead the company posttransaction closing.

Compass has scaled rapidly, particularly with its megacampuses in North America, and has been recognized as one of Inc. Magazine's 5,000 fastest-growing companies for the past three years. The new ownership structure will provide Compass with continued strong operational and financial support to execute its sustainable and large-scale data centre campuses across multiple regions. Compass has a proven product offering that provides its premier hyperscale customers with speed, flexibility and control to address the needs of the ever-changing technology landscape.

"Digitalization remains a key thematic investment for Brookfield Infrastructure. The need for data storage continues to grow at an exponential rate across the globe, and Compass complements our existing platforms in South America, Europe and Asia Pacific. Compass is a best-in-class data centre platform that we have known for years and we are excited to partner with Chris, the Compass team and Ontario Teachers' to support Compass on its rapid growth journey," said Sam Pollock, chief executive officer of Brookfield Infrastructure.

"We are delighted to continue our partnership with Compass, a market leader with a track record of providing customized data centre solutions to major technology clients. With the acceleration of technology adoption and advent of emerging technologies such as generative AI, we expect that demand for world-class and sustainable data centres will continue to grow in the coming years," said Ashvin Malkani, senior managing director, technology group, private capital at Ontario Teachers'. "We are pleased to welcome our long-standing partner Brookfield Infrastructure as a co-controlling shareholder in Compass. We look forward to working with them, Chris and the rest of Compass's top-tier management team on the company's next growth phase."

"Our original thesis around Compass was building a world-class data centre platform focused on global hyperscale customers through the development of customized campuses," said Tyler Alexander, managing director at RedBird. "Over a series of success-based investments that enabled disciplined growth, we executed against this thesis and built Compass into one of the pre-eminent global data centre platforms. This outperformance is a credit to Chris Crosby and the full management team, as well as our partners in Ontario Teachers' and the Azrieli Group."

"We're extremely thankful for RedBird and Azrieli's investment, deep expertise and unwavering support over the years as we've built our business. I'm excited to embark on the next chapter of Compass's evolution in partnership with Brookfield Infrastructure and Ontario Teachers', two leading investment firms," said Mr. Crosby, founder and chief executive officer of Compass Datacenters. "The industry is at a critical inflection point today with AI and cloud demand continuing to fuel significant growth. With Brookfield Infrastructure and Ontario Teachers' strategic expertise and deep financial resources, Compass is ideally positioned to meet growing demand for hyperscale data centres and campuses."

The transaction is expected to close by year-end, subject to customary regulatory approvals.

Advisers

Goldman Sachs & Co. LLC and Guggenheim Securities LLC served as joint financial advisers to Compass and RedBird on the transaction. Deutsche Bank Securities Inc. also served as debt financing adviser.

Brookfield Infrastructure engaged BMO Capital Markets and Scotiabank as joint financial advisers and Kirkland & Ellis LLP as legal counsel. TD Securities is serving as financial adviser and Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Ontario Teachers'. Fried, Frank, Harris, Shriver & Jacobson LLP and Wick Phillips LLP served as legal counsel to Compass. DLA Piper served as legal counsel to Compass Management. Fried Frank served as legal counsel to RedBird.

About Brookfield Infrastructure Partners LP

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, mid-stream and data sectors across North and South America, Asia Pacific, and Europe. The company is focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Investors can access its portfolio either through Brookfield Infrastructure Partners, a Bermuda-based limited partnership, or Brookfield Infrastructure Corp.

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