Brookfield to partner in Digital Realty's $1.8 bln buy of Ascenty

Digital Realty (NYSE: DLR ) has agreed to acquire Ascenty, a Brazilian data centre business, from U.S. private equity firm Great Hill Partners. The deal, expected to close in Q4 2018, is valued at about US$1.8 billion. Brookfield Infrastructure has agreed to commit half of the required initial equity investment, estimated at about US$613 million. As a result, Brookfield would secure a 49 percent stake in the entity that owns Ascenty. San Francisco-based Digital Realty said the acquisition will establish it as Latin America's leading data centre provider.

DealsCanadaNorth AmericaBriefs