I Squared Capital, an independent global infrastructure investment manager, has announced that it has agreed to acquire Elea Data Centers, one of the largest carrier-neutral data center platforms in Brazil. Elea operates a nationwide network of nine interconnected data center campuses across Brazil, including São Paulo, Rio de Janeiro and Brasília, serving a diversified base of enterprise and hyperscale customers, with more than 300 megawatts of powered land and more than 1 gigawatt currently in development that will require more than $10 billion of capital to support its delivery. I Squared’s investment will support Elea’s planned expansion program and accelerate the development of large-scale, high-density AI infrastructure across Brazil.
Brazil is the largest data center market in Latin America and a rapidly emerging global hub for digital infrastructure, supported by more than 180 million internet users and accelerating demand for private and public cloud storage, l
