Blackstone announced that funds managed by Blackstone Tactical Opportunities have made an equity investment in Ascenty, a provider of data center and telecom services in Brazil.
Terms of the transaction were not disclosed.
“This new capital will allow us to expand not only in Brazil but in other Latin American countries,” said Chris Torto, CEO at Ascenty, in a statement. “Latin America continues to be a vastly underserved market and our focus is to provide world-class data center infrastructure with outstanding customer service for companies looking to deploy in the region.”
The investment will help accelerate Ascenty’s growth plans, including the construction of additional data centers in Brazil and Latin America.
Ascenty provides large-scale, high-density data center infrastructure to the leading global technology firms. In addition, Ascenty has a proprietary 4,000-kilometer (2,485-mile) fiber network that interconnects its data centers with the major telecom operators, data centers and peering points in Brazil.