Simpson Thacher is representing EQT Infrastructure VII in connection with its agreement to acquire Copia Power, a leading integrated power and AI infrastructure platform, from affiliates of Carlyle. The transaction is subject to customary conditions and approvals. It is expected to close by the end of 2026.
The transaction aligns with EQT’s focus on investing behind the infrastructure underpinning global demand for artificial intelligence and supporting energy security, and EQT will partner with Copia Power’s management team to scale the platform, accelerate priority development projects, and expand its integrated campus model across the U.S.
Copia develops integrated energy campuses that bring generation, high-voltage transmission, and data center load together at the same interconnection position, providing a differentiated approach that enables AI infrastructure growth on an accelerated timeline. Today, Copia has a pipeline of opportunities that include over 30GW of integrated campuses located in strategic data center markets.
The Simpson Thacher team includes Fred de Albuquerque, Shaneel Parikh and Jack Culbertson (M&A); Brian Chisling, Javad Asghari and Gabriel Silva (Energy and Infrastructure); Jonathan Goldstein, Brian Mendick, Adriana De Bartolo and Jiha Min (Tax); Kelly Karapetyan, Karen Kazmerzak, Nathaniel Bronstein, Max Fischer-Zernin and Conner Dwinell (Antitrust); Mick Tuesley, Mark Skerry and Michael Kalinin (Foreign Direct Investment); Robert Lee (Funds); and Mark Brod, Sam Zhu and Albert Murzakhanov (Capital Markets).