Teraco prepares to welcome Berkshire Partners as majority shareholder

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The folks over at Teraco Data Environments have been hard at work over the last eight years and that hard work has been noticed by international investors.

The firm has announced today that Boston-based investment comapny, Berkshire Partners LLC, has entered into a definitive agreement to acquire a majority stake in Teraco.

Of course the transaction is subject to regulatory approval and other closing conditions. That having been said the deal is expected to be closed in the first quarter of this year.

Existing shareholder Permira will remain a significant investor.

“Berkshire Partners is a like-minded and committed long-term partner that shares our vision for the future: to continue to invest in world-class data centre facilities, allowing us to support the digital interconnected enterprise, and meeting the high standards of service that are expected from us,” managing director at Teraco, Jan Hnizdo, said in a statement.

The managing director adds  that Teraco aims to increase its critical power load from 30MW to 60MW over the next few years and he is excited to work closely with Berkshire Partners on this journey.

“We believe that Teraco is exceptionally well-positioned to capitalise on the fast growth of the Sub-Saharan data centre infrastructure market given its highly interconnected ecosystems, well-designed facilities, and ability to offer a wide array of deployments,” managing director at Berkshire Partners, Larry Hamelsky said of the deal.

“We are thrilled to be partnering with Teraco’s talented management team to support the company’s continued success,” Hamelsky concluded.

Brendyn Lotz

Brendyn Lotz

Brendyn Lotz writes news, reviews, and opinion pieces for Hypertext. His interests include SMEs, innovation on the African continent, cybersecurity, blockchain, games, geek culture and YouTube.

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