Jamieson is pleased to announce that it has advised the management team of Teraco Data Environments, Africa’s leading provider of colocation datacentre infrastructure, on the sale of a majority stake in the business to Berkshire Partners LLC. Permira, an existing shareholder, and Management will also hold a stake in the business.
Based in Johannesburg and established in 2008, Teraco is the largest provider of datacentre services in Africa. The company offers vendor-neutral colocation and other related services in secure and resilient datacentres. The Permira funds initially backed a Teraco management buyout in December 2014 and in that time the business has multiplied its capacity more than six times. The company operates five high-quality facilities with 30MW of critical power load serving more than 500 clients, including global internet companies.
Jan Hnizdo, Managing Director of Teraco, said, “Berkshire Partners is a like-minded and committed long-term partner that shares our vision for the future: to continue to invest in world-class datacentre facilities, allowing us to support the digital interconnected enterprise, and meeting the high standards of service that are expected from us. Over the next few years, we aim to double our installed critical power load from 30MW to 60MW and we look forward to working closely with Berkshire Partners on this ambitious growth journey.”
“Having Jamieson as supportive advisors allowed us as the management team to continue to focus on running the business, with the assurance that we would get a successful outcome. Their focus did not end once the high level terms of a deal were concluded, but importantly continued through to the execution of legals.”
The Jamieson team of Stuart Coventry and Stephen Maxwell advised the management team of Teraco on the terms of the new management incentive arrangements.