June 6, 2017
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Data center provider Ascenty has secured an investment from the multinational private equity giant Blackstone and SDC Capital, an investment firm led by data center industry veteran and longtime Ascenty investor Todd Aaron. The new capital will fund additional multi-tenant data centers in Brazil and elsewhere in Latin America, the company said this week.
The amount was not disclosed, but it comes on the heels of a $190 million loan provided to the company by ING, Itaú BBA, and two international banking institutions to complete the construction of five new data centers in the region and to pay down debt.
“Blackstone is excited to partner with Ascenty and Great Hill Partners, Ascenty’s majority shareholder, to accelerate the company's growth and support its clients," Jasvinder Khaira, senior managing director at Blackstone Tactical Opportunities, said in a statement.
See also: Ascenty Secures $190 million to Fund Data Center Construction in Latin America
Founded in 2010, Ascenty owns seven data centers in Brazil that are operational and another under construction in Santiago, Chile. The facilities are interconnected using the company’s proprietary 4,000 km fiber optic network. Other markets the company is looking at are in Mexico and Colombia.
“This new capital will allow us to expand not only in Brazil but in other Latin American countries,” Chris Torto, CEO at Ascenty, said in a statement. “Latin America continues to be a vastly under-served market and our focus is to provide world-class data center infrastructure with outstanding customer service for companies looking to deploy in the region.”
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