Berkshire Partners, a Boston-based global investment firm, and Permira, a growth-focused global private equity firm, today announced that they have signed a definitive agreement with Digital Realty, a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, for Digital Realty to acquire a majority of their respective stakes in Teraco Data Environments, Africa’s largest carrier-neutral data center and interconnection services provider.
“Over the last seven years, Teraco has transformed itself into one of the most unique data center platforms globally. Today, Teraco combines the very rare characteristics of offering an interconnection-rich ecosystem, being Africa’s home to the Cloud, while also owning the African Internet Exchange, Napafrica. Jan and his team should be very proud of what they have achieved,” said Pierre Pozzo, a Principal at Permira. “It has been a pleasure to support the Company since our original investment in 2015, during which time earnings have multiplied by nearly 20x organically. We look forward to partnering with Digital Realty to further accelerate Sub-Saharan Africa’s digital transformation powered by Teraco.”
The transaction, which is subject to customary South African regulatory approvals, is expected to close in the first half of 2022.
Read more/Source: Permira
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