Blackstone announced that funds managed by Blackstone Tactical Opportunities have made an equity investment in Ascenty, a data center & telecom services provider in Brazil.
(Press Release) New York, June 5, 2017 – Blackstone (NYSE: BX) announced today that funds managed by Blackstone Tactical Opportunities 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 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 as a new partner 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.”
“Blackstone is excited to partner with Ascenty and Great Hill Partners, Ascenty’s majority shareholder, to accelerate the company’s growth and support its clients,” said Jasvinder Khaira, Senior Managing Director at Blackstone Tactical Opportunities. “Chris and his team are extremely talented and our investment signals our confidence in their ability to expand their operations within Brazil and into new markets in Latin America.”
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. DH Capital served as exclusive financial advisor to Ascenty.
Terms of the transaction were not disclosed.