Ascenty Data Centers announced today that funds managed by Blackstone Tactical Opportunities (NYSE: BX) and SDC Capital Partners, LLC, an investment firm led by data center industry veteran and longtime Ascenty investor, Todd Aaron, among other investors have made an equity investment in Ascenty, the leading provider of data center & telecom services in Brazil. This investment will help accelerate Ascenty’s growth plans, including the construction of additional world-class multi-tenant data centers in Brazil and Latin America.
Ascenty provides large scale, high density data center infrastructure to the leading global technology firms. In addition, Ascenty has a proprietary 4,000 km fiber network that interconnects its data centers with the major telecom operators, data centers and peering points in Brazil. “We are excited to have Blackstone and SDC Capital Partners as partners in the company to help us rapidly expand our growth opportunities. This new capital will allow us to expand not only in Brazil but in other Latin American countries,” said Chris Torto, Chief Executive Officer at Ascenty. “Latin America continues to be a vastly underserved market and our focus is to provide world-class data center infrastructure with outstanding customer service for companies looking to deploy in the region.”
DH Capital acted as exclusive financial advisor to the Ascenty. Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Blackstone and Choate Hall & Stewart LLP acted as legal advisor to the Company and Great Hill Partners.
Terms of the transaction were not disclosed.
Ascenty is the largest data center provider in Brazil, with seven data centers currently operating and an additional data center under construction. The company was founded in 2010 and has focused on building world-class data centers while serving some of the largest global technology companies. All the company’s data centers are interconnected using a proprietary 4,000 km fiber-optic network. For further information about Ascenty, please visit: www.ascenty.com.
About Great Hill Partners
Great Hill Partners is a private equity firm that has raised over $5 billion in commitments since inception to finance the expansion, recapitalization, or acquisition of growth companies in a wide range of sectors in business-to-business and business-to-consumer industries including software, financial and healthcare technology, digital media, eCommerce, and internet infrastructure. Great Hill targets investments of $25 million to $200 million.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $360 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
About SDC Capital Partners
SDC Capital Partners, LLC is a specialized private investment firm focused on the IT and communications infrastructure sectors. SDC’s areas of investment focus include data centers, network / fiber assets and wireless infrastructure, with specific emphasis on opportunities where the firm can leverage its deep operational expertise to partner with exceptional managers and owners in creating value. SDC targets investments of $20 - $100+ million and is control and structure agnostic with respect to its investments. The firm invests globally opportunities and seeks to leverage its team’s deep sector relationships in sourcing proprietary investment opportunities. For more information, please visit www.sdccapitalpartners.com.