Aligned Data Centers has signed a legally binding agreement to buy ODATA from Patria Investments and other selling parties. ODATA is a supplier of scalable and adaptable IT infrastructure in Latin America. In connection with the acquisition, Aligned, which is majority owned by funds managed by Macquarie Asset Management, entered into a legally binding agreement to acquire a structured minority stake in ODATA from funds managed by investment company SDC Capital Partners.
Aligned is a provider of technological infrastructure that offers Scale Data Centers and Build-to-Scale solutions to global hyperscale and enterprise customers. With a footprint that will reach around 2 GW across 30 locations at full buildout, this deal would signal the company’s entrance into Latin America and position it as one of the largest private data center operators in the Americas.
With operating facilities strategically positioned across Brazil, Colombia, Mexico, and Chile, as well as new data centers now under development around the region, ODATA is one of the fastest-growing hyperscale data center platforms in Latin America. ODATA’s dedication to a renewable energy strategy and sustainable design principles would be congruent with Aligned’s ESG mission, in addition to their shared focus to offering scalable, adaptable, and ultra-connected IT infrastructure solutions.
ODATA is putting up a plan to become a self-sufficient producer of renewable energy in Brazil and has a defined path to provide 100% green energy, which would be a crucial demand from hyperscale colocation clients.
“The acquisition combines a significant growth runway for expansion and a proven ability to deliver capacity at maximum speed, with regional expertise and partnerships, enhanced fiscal resources, and a resilient supply chain, to deliver a world-class data center platform that meets the demands of our global hyperscale and enterprise customers,” said Andrew Schaap, CEO at Aligned Data Centers. “We’re excited to welcome Ricardo and the ODATA team to the Aligned fold and look forward to fostering our joint commitments to customer centricity and operational excellence as we embark on the next phase of innovation and growth.”
Early 2023 is the projected closing date for the deal. Financial details weren’t made public.
Serving Cloud Providers in Brazil, Chile, Colombia, Mexico
“The ODATA team and I are very excited to be joining Aligned Data Centers,” said Ricardo Alário, CEO at ODATA. “The strategic merger of the ODATA and Aligned platforms will provide customers with a broader base of both available and expansion capacity in key locations across the Americas, as well as additional breadth of experience and depth of knowledge across an expanded team of infrastructure experts. We look forward to accelerating the growth of our platform with Aligned and setting a successful cultural course focused on customer and staff centricity, innovation, and operational excellence.”
“ODATA is an exceptional platform created by Patria Investments seven years ago in the fast-growing data center market,” said Felipe Pinto, Infrastructure Partner at Patria Investments. “We are proud to see that the company rapidly evolved from a startup to one of the leading players in the Latin American market, serving the most prominent cloud providers in Brazil, Chile, Colombia, and Mexico.”
Aligned is providing funding for the deal along with a preferred equity investment from SDC-managed funds. In addition, the newly committed debt financing for this transaction was jointly arranged by SMBC, MUFG (as co-structuring coordinators), Deutsche Bank, and Nomura.
