Blackstone invests in Brazil data centre business

The deal will allow Ascenty, the country’s largest data centre provider, to expand into other Latin American markets.

Blackstone has invested in a Brazilian data centre and telecom services provider in a deal it says will help accelerate the company’s growth.

The equity investment into Ascenty, which operates seven data centres in Brazil, was made by funds managed by Blackstone’s Tactical Opportunities platform. Blackstone did not disclose the terms of the deal.

Founded in 2010, Ascenty is majority-owned by Great Hill Partners, a private equity firm. The capital injection will allow Ascenty, Brazil’s largest data centre provider with more than 4,000km on its proprietary fibre-optic network, to expand beyond Brazil into other Latin American countries.

“Latin America continues to be a vastly underserved market,” said Chris Torto, Ascenty’s chief executive. “Our focus is to provide world-class data centre infrastructure with outstanding customer service for companies looking to deploy in the region.”

The move comes two weeks after Blackstone announced it would launch the world’s largest infrastructure fund, targeting around $40 billion. The deal marks Blackstone’s second in the data centre space, as the group also owns DCI Data Centers.