Stepstone Ventures News Today

While SA has new competitors in the market, Teraco believes the data centre war will be won in the rest of Africa region.

It is also a very topical one: "The greatest source of liquidity now is going to be continuation funds," VC Roger Ehrenberg predicted in a recent episode of the 20VC podcast. Continuation funds, which are common in private equity [PE] but rare in venture capital, are a secondary investment vehicle that allows them to “reset the clock” for several years on some assets in old funds by selling them to a new vehicle that they also control. This helps a VC fund’s back...

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Data centre operator Digital Realty Trust has agreed to acquire a majority stake in Teraco Data Environments Pty, Africa’s largest data-center operator, from private equity owners Permira and Berkshire Partners.

Digital Realty will buy control Teraco Data Environments in a transaction that values the South Africa-based developer at $3.5 billion.

WASHINGTON (dpa-AFX) - Digital Realty (DLR), Monday said it has agreed to buy a major stake in Teraco, Africa-based carrier-neutral colocation provider, from a consortium of investors, including

Since its founding in 2008, Teraco's giant data centres in Johannesburg, Cape Town, and Durban have become key to the burgeoning growth in broadband in SA.

Teraco Data Environments has been acquired by Digital Realty in a deal that values the company at an astonishing R55.5-billion.

Digital Realty to acquire majority stake in Africa’s largest data centre services provider Teraco

/PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions,...