GI Partners was featured in an article in the Wall Street Journal, which highlights the advantage private equity firms have in the data center sector. The article specifically reference’s Peak 10’s recently announced acquisition of ViaWest as well as GI’s longstanding history of investing in data center assets like data center operator Telx Group Inc. and cloud computing services provider SoftLayer Technologies Inc.
“Private equity aims to use its familiarity with data center operators as an advantage even as the space becomes more competitive.
Case in point: Peak 10 Inc.’s first add-on acquisition, in which the GI Partners-backed data center operator agreed last month to purchase ViaWest Inc. for about 2.3 billion Canadian dollars ($1.675 billion) from publicly traded Shaw Communications Inc….”
Click here to view the article (Wall Street Journal subscription required)