Manulife Investment Management has agreed to acquire a controlling interest in Serverfarm, a data center owner and operator, on behalf of the Manulife Infrastructure Fund II and its affiliates.
Serverfarm operates a portfolio of eight data centers across North America, Europe and Israel that aggregate more than 1.5 million gross square feet and 125 megawatts of IT capacity. The company also has secured additional land for future data center developments.
Manulife IM’s significant investment, along with support from existing shareholders, will provide capital to Serverfarm to continue its expansion across its regions of focus and capitalize on attractive market opportunities. The acquisition is expected to close in third quarter 2023.
“Avner and the Serverfarm team have built a high-quality data center portfolio and growth platform that is well-positioned to capitalize on the strong secular tailwinds in the data center market,” said Recep Kendircioglu, glob