Morgan Stanley Infrastructure Partners (MSIP) is acquiring a co-control interest in Flexential, a US data centre firm currently owned by GI Partners.
MSIP is investing an unspecified sum to buy the stake alongside GI Partners, in a deal that involves the parties providing “a substantial amount of primary capital to fund continued expansion and growth”.
Flexential operates a network of 40 data centre facilities located across 20 major domestic and international markets. The company serves a diverse customer base of 4,400 clients spanning various industries, geographies and organisational sizes, with a particular focus on the healthcare and SaaS sectors.
Christopher Ortega, the head of Americas at MSIP, said: ”We believe Flexential’s robust next-generation infrastructure, commitment to innovation and proven leadership in the industry make it well-positioned to capitalise on market opportunities.
“We look forward to supporting the company’s continued growth and success in the years to come.”
Travis Pearson, managing director and co-head of private equity at GI Partners, said: ”Flexential has proven its leadership in reliable delivery of critical data centre services to the most sophisticated customers in the world.
“The Flexential leadership team has paved the way for sustained growth, and we are thrilled to welcome Morgan Stanley Infrastructure Partners as a partner to help drive the company’s future success.”
Flexential’s CEO Chris Downie, said the new investment will allow the company to double-down on active development to meet robust market demand.
Downie added: “As we continue to invest in expanding our infrastructure and delivering innovative solutions to our customers, this additional investment will enable us to build on our recent successes and further strengthen our position as a leader in the data centre and digital infrastructure industry.”
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