Quayle Munro is pleased to announce that it has advised the shareholders of Teraco Data Environments (Pty) Limited (“Teraco”), the leading African vendor-neutral colocation provider, on its sale to a company backed by Permira V, a fund managed by international Private Equity firm Permira.
Teraco was founded in 2008 and is headquartered in Johannesburg, South Africa, with 63 employees. It has three state of the art data centres located in key cities in South Africa with combined whitespace of over 6,500m2. Teraco’s facilities are the de facto point for interconnection between Networks, Content and Cloud services in Southern Africa and are well-connected to the rest of sub-Saharan Africa, allowing access to over 50 African countries via fibre and satellite from within Teraco.
Clients benefit from service level agreements guaranteeing 99.999 per cent uptime and connectivity to over 130 carriers, network operator and Internet service providers as well as access to NAPAfrica, the largest and fastest growing Internet exchange point (IXP) in Africa offering 100 per cent free peering.
Mark Fisher, Managing Director of Quayle Munro, said: “Quayle Munro is delighted to have advised the shareholders of Teraco on this transaction. The company has built a unique position as the only truly vendor-neutral colocation provider in South Africa and we are certain that the partnership with Permira will provide continued momentum for the next stage of Teraco’s growth.
“This transaction continues our track record of cross-border transactions in the TMT sector and demonstrates the continued demand for top-quality assets in the IT services and data centre sectors.”
Lex van Wyk, CEO of Teraco, said: “The Quayle Munro team quickly recognised the potential of Teraco and conducted a well-managed sales process. Their knowledge of the industry and buyers combined with skilful management of the process ensured a successful outcome for the company and shareholders. Teraco is very pleased to have announced the transaction with the Permira funds, which will enable the company to drive future growth.”