I Squared Capital is acquiring Mexico’s largest data-centre operator for two of its infrastructure funds.

The company has signed an agreement to acquire digital infrastructure service provider KIO Networks on behalf of ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund.

KIO Networks is present in Central America and the Caribbean through a network of 11 campuses and 11 smaller facilities, offering more than 20 megawatts of installed operational capacity and the potential for further expansion.

“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 $3bn [€2.53bn] 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 centres, fibre networks and cellular sites.”