M/C Partners continues data centre dealmaking in $50m Involta backing


InvoltaCommunications, media and IT-focused private equity firm M/C Partners has led a $50m financing round for US data centre operator Involta.

Morgan Stanley Alternative Investment Partners also took part in the round, which Involta said would be used to provide some shareholder liquidity and for growth and acquisitions.

M/C managing partner Gillis Cashman said, “We envision Involta playing a leading role in the data center space in the coming years, particularly in tier II and tier III markets that are still very underdeveloped in terms of infrastructure.

“There is a tremendous need for infrastructure in those areas, and Involta is very well-positioned to address those needs with its superior platform and services.”

M/C said it has a number of successful investments in the data center space led by past portfolio companies Fusepoint and Attenda.

Fusepoint was sold to Savvis in 2010 and Attenda to Darwin Private Equity, a London-based mid-market private equity firm, in 2011.

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