Berkshire Partners to Invest in South Africa’s Teraco
Posted On: 24 Jan 2019 | Source(s): Teraco Data Environments | Date: 24 January 2019
U.S.-based investment firm Berkshire Partners has agreed to acquire a majority stake in Teraco Data Environments, a South Africa-based provider of colocation and data infrastructure services. U.K-based private equity investor Permira, an existing shareholder, will remain an investor in Teraco. The company operates five data centers in South Africa serving more than 450 clients. Financial details of the transaction, which is subject to regulatory approval and expected to close in the first quarter of 2019, were not disclosed.