I Squared Capital (ISQ) is to acquire Mexican data centre operator, KIO Networks. The infrastructure investment company is buying KIO through its ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund. Terms of the deal are undisclosed.
KIO is the largest operator in Mexico and has 11 core data centre campuses located in Mexico, Guatemala, Nicaragua, the Dominican Republic and Spain; as well as 11 edge facilities in Mexico. The company has over 20MW of installed operational capacity and has, what ISQ describe as, “significant” expansion potential.
“Mexico is a core component of our Latin American strategy and this investment in KIO Networks continues our commitments to digital infrastructure, where we have committed over $3 billion across six investments around the world,” said Adil Rahmathulla, Managing Partner at I Squared Capital. “Our global digital infrastructure portfolio connects millions of people across four continents through a diverse set of assets including data centers, fiber networks, and cellular sites.”
KIO was previously owned by Tresalia Capital, which was reportedly exploring a $1 billion sale of the firm last year.