I Squared Capital is to acquire KIO Networks through its ISQ Growth Markets Infrastructure Fund and ISQ Global Infrastructure Fund III. None of these companies disclosed the terms of the deal. KIO Networks is the biggest data center firm in Mexico. It operates 11 core data center campuses across Spain, Mexico, Dominican Republic, Nicaragua, and Guatemala. It also has 11 Edge facilities across Mexico. Aside from that, KIO Networks also has 20MW of already installed operational capacity.
Adil Rahmathulla, Managing Partner at I Squared Capital, said Mexico is a significant part of the Company’s Latin American Strategy. He further added that investing in KIO Networks shows the Company’s commitment to digital infrastructure. Adil also revealed that the I Squared Capital has made over $3 billion across six investments globally.
KIO Networks used to have two facilities in the US. However, it sold them to Zayo in 2017, but DataBank is now operating the facilities. KIO network offers data center, cloud, and cybersecurity services.
