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General Atlantic exits Latin American data centre company Aceco TI to KKR

2 Apr 2014

Global private equity firm General Atlantic has sold Aceco TI, a provider of data centre design, implementation and maintenance services in Brazil and Latin America, to fellow investment group KKR.

KKR is making its investment in partnership with CEO Jorge Nitzan who will hold a “significant” minority stake in the company and continue to run the business as CEO, the firm said.

Founded in 1972, Aceco has built more than 750 data centres in Brazil and Latin America and more than 400 integrated command and control centres, and today has 90 data centres under construction. General Atlantic invested in the company in 2012.

“We have been incredibly impressed with Jorge Nitzan, the quality of the services Aceco TI provides and the many dedicated employees who are responsible for the company’s impeccable record of customer service and satisfaction. Aceco is already a regional leader and we look forward to working with the team to support the company’s continued growth,” Jorge Fergie, Managing Director and KKR’s head of Brazil, said.

Alex Navab, co-Head of KKR’s private equity business in the Americas, added, “This is an important milestone that underscores our long-term commitment to partnering with companies in Brazil and throughout the Latin American region. We are delighted to be acquiring a world-class enterprise such as Aceco in partnership with Jorge Nitzan and the management team as well as making our first direct investment in Brazil.”

Of KKR’s global private equity portfolio companies, fourteen have employees and run operations in Brazil, including First Data, Nielsen, and Go Daddy.

KKR is making the investment though its eleventh North American private equity investment fund.

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