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KKR said last year that increasing demand for data centers to support AI and cloud-computing will boost global spending in the sector to $250B annually.
The fund will invest in sector-agnostic, growth-oriented European mid-market businesses, typically making equity investments below approximately $286 million.
The acquisition underscores Advent's strategy of expanding its global healthcare platform into Japan's rapidly growing home care market, driven by the country's aging population.
Network Plus provides maintenance, enhancement and operational services across the water, wastewater, gas, electricity and broader infrastructure sectors.