InfraRed Capital Partners is acquiring a data centres business from Rogers Communications on behalf of its value-add infrastructure strategy.
The business, which owns nine tier-two and tier-three data centres in Canada, has an established footprint, a strong operational team and a long-standing, diverse customer base across a range of industries, InfraRed said.
InfraRed said the business was “well positioned to meet the evolving demands of customers with up to 49 MW of capacity and a range of secure colocation, cloud and managed services, delivered within a framework of Canadian data sovereignty and in-country cloud infrastructure”.
The infrastucture fund manager, part of Sun Life insurance company, said this lastest investment is “firmly aligned” to its value-add approach to investing in companies with long-term growth potential, supported by strong underlying fundamentals and with experienced management teams.
Pilar Banegas, partner at InfraRed, said: “This investment represents an exciting opportunity for us to drive value in an established business, capitalising on the rising demand for secure and reliable data-centre services within one of the most attractive segments of the Canadian digital infrastructure market.
“We will leverage our knowledge of the market and our deep data-centre experience, built from investments such as Nexspace, our European data-centre platform, to help realise its potential. Furthermore, we can also draw on our owner Sun Life’s significant presence in Canada to inform our approach.”
Financial details were not disclosed and completion of the transaction is expected by the end of the year.
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