Brookfield Asset Management has transferred a 40.1% equity interest in its European data centre platform, StableCo, from one of its funds to another in a $382m deal that values the business at about $4bn, according to a report by Bloomberg.

Brookfield Super-Core Infrastructure Partners (BSIP) acquired the stake from Data4, which is controlled by Brookfield Infrastructure Fund V and will continue to operate the centres. Data4 retains a 10% holding.

The internal transaction was completed on the same terms as recent external sales to Arjun Infrastructure Partners and Interogo Holdings. Advisory committees representing both Brookfield funds approved the deal.

Such moves are common among private asset managers, enabling them to extend ownership of prized assets while releasing capital for redeployment.

Brookfield, which oversees $1tn across infrastructure, real estate, renewable power, private equity, and credit, has executed a series of similar transactions this year, including renewable power assets in Colombia and the US. The firm originally acquired Data4 in 2023 from AXA Investment Managers.

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