Monday , June 21 2021

Berkshire Partners Buy Most Stable in Top African Dating Company

Boston-based Berkshire Partners, a private equity player with a few agreements in the data center market under its belt, has acquired a majority interest in Therack, which, according to Bloomberg, is the largest data center in South Africa.

To allow, the law firm in London, who has supported an administration to buy the Teraca in 2015, will remain "an important investor," said Teraco in a statement. Permit bought Terako around at least early last year, according to a Bloomberg report, which said sales could reach anywhere between $ 600 million and $ 1 billion. Financial details of the Berkshire contract have not been disclosed.

With the new investor on board, Teraco seeks to duplicate its existing data center as it seeks to capture a growing opportunity in Sub-Saharan Africa. As in other parts of the world, businesses in the region are converting digital transformation, leading to demand for data services, according to a statement by Michail Zekkos, a partner at Permira. Zekkos also mentioned cloud penetration and early stage outsourcing market as reasons to believe that there are solid growth opportunities for Therack.

"We believe that Teraca is exceptionally well-equipped to surrender the rapid growth of the sub-Saharan infrastructure infrastructure market, given its highly interconnected ecosystems, well-designed facilities and the ability to offer a wide range of deployments," said Larry Hamelsky, director of Berkshire. statement.

Total capacity at the four Terako databases (two in Johannesburg, one in Cape Town, and one in Durban) is 30MW, the company said. Jan Hnizdo, its managing director, said the company's goal is to reach 60MW during the following years. In its website, the company said its plan was to expand the cable-building and build a new one in Gauteng.

Berkshire's former investments in the database industry include acquisition along with Abry Partners of US collocation and interconnectioning heavy Telx in 2011 by GI Partners. Since then they have sold Telx to Digital Realty Trust.

Berkshire's latest agreement is its investment in the edge of Steam IO's computer startup last year. The round of Vapor Series C, which Berkshire led, helped the initial finances of its acquisition from the edge of a data center that it launched along with the huge American cell tower tower Crown Castle.

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